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.
Arbitrate Definition For English In Washington
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Multi-State
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US-00416-1
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1. to act as arbiter upon (a disputed question) : to settle (a dispute between two people or groups) after hearing the arguments and opinions of both. Learn how arbitration can resolve certain disputes out of the court.Instead of a judge, impartial arbitrators make the legal decision. Arbitration is an alternative to traditional judicial proceedings. Like court, arbitration involves a neutral person deciding the outcome of a dispute. Arbitration is a method of resolving disputes outside of court. Court authority for certain functions of arbitration assistance and supervision. Arbitration is a formal method of dispute resolution involving a third party neutral who makes a binding decision. It is the 'legal place' of an international arbitration. Washington's Uniform Family Law Arbitration Act (UFLAA) provides a framework for the use of arbitration in resolving family law disputes in Washington state.