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 With Example In Hennepin
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State:
Multi-State
County:
Hennepin
Control #:
US-00416-1
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Word;
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Actions for money damages within the jurisdictional limit of the Hennepin County Conciliation Court;. A "mandatory predispute arbitration agreement" is a contractual provision, agreed to in advance of any dispute or claim.Arbitration is the most traditional form of private dispute resolution. Arbitration is a binding procedure. Conciliation Court is also known as small claims court. This case concerns the scope of judicial review of arbitration awards.