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.
Arbitration Definition For Dummies In Georgia
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Arbitration is a process where a neutral third party decides the outcome of a claim. Whether it's good or bad for you depends on your case.Arbitration is the agreed tender of a legal dispute to a neutral party who renders a binding decision. Arbitration is often confused with mediation. Arbitration is a means of resolving a dispute arising out of a contractual real estate matter that the parties have been unable to resolve themselves. The following rules apply to those courts which have elected to use the alternative dispute resolution. Arbitration is the most traditional form of private dispute resolution. Arbitration is a binding procedure. In order to proceed with case administration, the ICDR® must verify, on a threshold level, whether we have the administrative jurisdiction. In Georgia, all arbitration is non-binding.