BLAw 210 1nd Edition Lecture 17 Outline of Last Lecture I Sole Proprietorship II General Partnership III Limited Partnership IV Limited Liability Partnership V Limited Liability Company VI Corporation for profit Outline of Current Lecture I Corporation not for profit II Arbitration Dispute Resolution III Mediation Current Lecture I II III Corporation not for profit a A separate legal entity typically formed to further a cause goal idea service public interest with some private sector activities b Must register with SOS Division of corps And Charities c Charitable solicitations or charitable trust program registrations are separate from and in addition to corporate filing requirements Arbitration Dispute Resolution a Arbitration i A form of ADR in which parties chose an impartial third party to hear and decide the dispute Many contracts require that disputes arising out of the contract be submitted to arbitration binding Mediation These notes represent a detailed interpretation of the professor s lecture GradeBuddy is best used as a supplement to your own notes not as a substitute a A process under which a Mediator attempts to resolve a dispute between parties in an amicable manner b Unlike an Arbitrator or judge a mediator assists the parties in reaching a settlement agreement on their own i No decisions are imposed by the mediator c These parties can choose to formalize agreements arising out of the mediation process d The mediation process is voluntary and non binding
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