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 For Example In Wake
Category:
State:
Multi-State
County:
Wake
Control #:
US-00416-1
Format:
Word;
Rich Text
Instant download
Description
Free preview
Form popularity
More info
In the blank spaces provided for the claimants' names, you should write or type the name of each claimant filing the Statement of Claim. Arbitration is a contract-based form of binding dispute resolution.Arbitration is similar to going to court, but faster, cheaper and less complex than litigation. If the case settles, an arbitration will last around one year. Arbitration discovery is typically more limited than in litigation and, in principle, is in the discretion of the arbitrators.