This arbitration agreement is executed contemporaneously with, and as an Inducement and consideration for, an Installment or sales contract for the purchase of a manufactured home. It provides that all claims or disputes arising out of or relating in any way to the sale, purchase, or occupancy of manufactured home resolved by binding arbitration administered by the American Arbitration Association ("AAA") under its Commercial Arbitration Rules. This Agreement is an election to resolve claims, disputes, and controversies by arbitration rather than the judicial process. The parties waive any right to a court trial.
Section 65-4.11 - Mandatory arbitration for insurers, self-insurers and compensation providers under section 5105 of the insurance law (a) Applicability. The U.S. Supreme Court has held that courts will determine arbitrability, i.e.Arbitration is a mechanism for resolving disputes between investors and brokers, or between brokers. Introduction. Arbitration is a centuries-old way for industries to promote commerce through self-regulation.