Arbitration With Example In Wake
Category:
State:
Multi-State
County:
Wake
Control #:
US-00416-1
Format:
Word;
Rich Text
Instant download
Description
The Arbitration Agreement is designed for the purchase of a manufactured home and establishes terms for resolving disputes through binding arbitration rather than litigation. It clarifies that any claims related to the sale, occupancy, or financing of the home will be arbitrated under the rules of the American Arbitration Association. It is essential for parties involved, including retail sellers and purchasers, and extends to manufacturers and financing entities. The agreement includes specific provisions for initiating arbitration, which must include a written notice of intent and necessary details about the dispute. For claims under twenty thousand dollars, arbitration involves a single arbitrator, while claims above this amount require a panel of three. The arbitrator's decision is binding and may be enforced in court. This form is particularly useful for attorneys, partners, owners, associates, paralegals, and legal assistants who aim to navigate and enforce arbitration processes efficiently. Its thorough structure aids legal professionals in advising clients regarding alternatives to court proceedings.
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