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 Form Meaning In Oakland
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State:
Multi-State
County:
Oakland
Control #:
US-00416-1
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Word;
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Arbitration is essentially a paid private trial, in other words, a method to resolve disputes without going to court. Arbitration is a disputeresolution process that offers an alternative forum to the court system for the settling of legal claims.ADR is the common term for different ways of settling a dispute. ADR includes mediation, arbitration, neutral evaluation, settlement conferences. Class arbitration borrows from the principles behind what are called class actions in the court system. Although arbitration agreements mean that a case must be resolved through arbitration, not all agreements are enforceable.