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 With Bank In Washington
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Multi-State
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US-00416-1
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When you send the Request For Arbitration form you must include copies of all required documents, records and repair orders. Arbitration is generally faster, less expensive and more informal than going to court.It also has the advantage of being private and confidential. 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. This article is intended to help you the little guy determine whether to include an arbitration clause in the contract you re drafting or negotiating. A business contract, lease or other written contract may contain an arbitration clause. Fill out and submit forms. Arbitration is fair to bank consumers.