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 Virginia
Category:
State:
Multi-State
Control #:
US-00416-1
Format:
Word;
Rich Text
Instant download
Description
Free preview
Form popularity
More info
What is Arbitration? Arbitration is a method of dispute resolution where parties agree to submit their disagreements to an impartial third party, known as an arbitrator.It is a system of redress which provides an independent mechanism to resolve consumer-business disputes when other means fail. Arbitration is the most traditional form of private dispute resolution. Arbitration is a binding procedure. You must complete the "Claimant" and "Respondent" portions on the front of a Submission Agreement. In the blank spaces provided for the claimants' names, you. Large, Complex Commercial Case Panel, in the manner provided in the regular. Commercial Arbitration Rules. On that form you will state the amount of the fee in controversy and give a brief explanation of your position in the dispute.