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.
The arbitrator shall. This type of contract clause has been coined the "infinite arbitration" clause and recently led to a circuit split between the Fourth and Ninth Circuits.Presenting your Case in Arbitration. Under AAA rules, parties to AAA cases agree that the arbitration award can be entered as a judgment in any federal or state court with jurisdiction. The FAA Requires Enforcement of Dillon's Agreement To Arbitrate. The FAA governs the arbitration provisions in Dillon's loan agreement. Any state laws that forbid agreements that forestall class action arbitration are preempted and invalid under the Federal Arbitration Act of 1925.