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 Palm Beach
Category:
State:
Multi-State
County:
Palm Beach
Control #:
US-00416-1
Format:
Word;
Rich Text
Instant download
Description
Free preview
Form popularity
More info
In the realm of insurance claims, insurance arbitration serves as an alternative to litigation for resolving disputes over claims. Arbitration is an agreement not to pursue litigation and privately resolve disputes.Arbitration may be voluntary, meaning all parties agree, or mandatory, meaning the arbitration is part of an insurance contract. Insurance arbitration relies upon an arbitrator (the neutral third party) to make an appropriate decision based on the specifics of a claim or case. Arbitration is designed to reach a favorable outcome without the expense and time of a trial at the State or Federal Court levels.