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 Insurance In Nassau
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State:
Multi-State
County:
Nassau
Control #:
US-00416-1
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Arbitration is the process of using a third party to settle a dispute instead of taking the case to court. An arbitrator will hear the case, consider evidence, and decide the outcome.Typically, arbitration ends with an award to one party or a dismissal of the case. My lost wage payment is subject to additional statutory offsets. Arbitration is an Alternative Dispute Resolution (ADR) process used to resolve disputes outside the court system.