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 Business In Texas
Category:
State:
Multi-State
Control #:
US-00416-1
Format:
Word;
Rich Text
Instant download
Description
Free preview
Form popularity
More info
An arbitration agreement is a contract that compels the parties to arbitrate legal disputes. Arbitration is a form of legal conflict resolution.It is a dispute resolution alternative similar to mediation or conciliation. Unlike litigation in court, arbitration is a creature of contract. In a Consumer Arbitration or Employment Arbitration, the employer or business shall be responsible for arbitration costs.