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 For Example In North Carolina
Category:
State:
Multi-State
Control #:
US-00416-1
Format:
Word;
Rich Text
Instant download
Description
Free preview
Form popularity
More info
Arbitration hearings are limited to one hour, which means that each side has up to 30 minutes to testify and present witnesses and evidence. To be eligible for court-ordered arbitration, a dispute must have been filed as a complaint in the North Carolina court system.In North Carolina, arbitration may either be binding or non-binding. In some cases, parties voluntarily agree to arbitrate their dispute. Carolina court, parties may seek to compel arbitration under either the FAA or the NCRUAA. b. Mediation. The arbitrator may arrange a mediation conference under principles stated in the North Carolina District Court and Superior Court mediation statutes.