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 Orange
Category:
State:
Multi-State
County:
Orange
Control #:
US-00416-1
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Word;
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Binding arbitration means that the parties waive their right to a trial and agree to accept the arbitrator's decision as final. Arbitration has long been the dispute resolution method of choice for transactions that cross international borders.Red list items, being situations where there is clearly a conflict. Mediation is not a trial nor an arbitration: Mediation is neither a trial nor an arbitration.