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 disputes are final and legally binding at MDRS, a Massachusetts Abritration and Mediation firm in Boston and Salem. In order to begin the arbitration process, you'll need to file a Request for Arbitration or Notice of Arbitration.Arbitration falls under the title of "alternative dispute resolution". Simply put, arbitration is another way to resolve a legal case or claim.