Examples Of When Arbitration Is Used In Travis
Category:
State:
Multi-State
County:
Travis
Control #:
US-00416-1
Format:
Word;
Rich Text
Instant download
Description
The Arbitration Agreement serves as a binding document for disputes arising from the sale, purchase, or financing of a manufactured home between the purchaser and retailer. It acknowledges the applicability of the Federal Arbitration Act and outlines instances when arbitration is utilized, such as claims involving contract breaches or torts. Key features include establishing protocols for initiating arbitration, specifying arbitration fees according to the American Arbitration Association (AAA), and detailing the selection of arbitrators based on the monetary value of claims. Filling and editing instructions are implicit in the form's structure, requiring the parties to provide information like names, signatures, and dates. This agreement emphasizes the waiver of a jury trial, making it essential for anyone involved in real estate transactions, particularly legal professionals and support staff in disputes related to residential contracts. Attorneys, partners, owners, associates, paralegals, and legal assistants can leverage this form to facilitate faster dispute resolution, minimize litigation costs, and enhance client understanding of arbitration processes in Travis.
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