On Aug 1, 12:48*am, Pat wrote:
Anybody ever bought a brokered boat and refused to sign an arbitration
agreement in the sales contract?
Some if not all seem to put it into their contracts. With it, you give
away your right to seek recourse in court--though your're making a
very substantial purchase. Instead you have to agree to arbitration by
the American Arbitration Association, a company that the broker
contracts with to settle disputes--and who's apparently been in some
trouble recently over alleged bias.
I don't mean to be asking for legal advice here, but do others share
my misgivings about this? Or am I worring too much about a
technicality? Anybody ever refuse to sign that part of a purchase
agreement?
Pat

Thank you for the helpful replies. I decided I just wouldn't sign an
arbitration agreement. Frankly it bugs me that I'd even be asked to
but maybe it's just me. So now we'll see which they want more--a
binding arbitration agreement or a sale.
Coincidentally, the latest issue of CR says there's federal
legislation pending to make it illegal to require it for consumer
purchases.
Thanks again.
Pat