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.
Arbitrate Definition For English In San Jose
Category:
State:
Multi-State
City:
San Jose
Control #:
US-00416-1
Format:
Word;
Rich Text
Instant download
Description
Free preview
Form popularity
More info
Verb (used with object) arbitrated, arbitrating. To decide as arbitrator or arbiter; determine.1. to act as arbiter upon (a disputed question) : to settle (a dispute between two people or groups) after hearing the arguments and opinions of both. To make an official decision that ends a legal disagreement between people or groups without the need for the disagreement to be solved in court. Arbitration is essentially a paid private trial, in other words, a method to resolve disputes without going to court. Arbitrate is when a neutral third party helps end a conflict. Arbitrate derives from the Latin arbiter "judge. The object of arbitration is to obtain a fairresolutionofdisputes byanimpartialthirdpartywithout unnecessary expense or delay.