BLAw 210 1nd Edition Lecture 17 Outline of Last Lecture I. Sole ProprietorshipII. General PartnershipIII. Limited PartnershipIV. Limited Liability PartnershipV. Limited Liability CompanyVI. Corporation (for profit)Outline of Current Lecture I. Corporation (not for profit)II. Arbitration Dispute ResolutionIII. MediationCurrent LectureI. Corporation (not for profit)a. A separate legal entity typically formed to further a cause, goal, idea, service public interest with some private sector activitiesb. Must register with SOS- Division of corps. And Charitiesc. Charitable solicitations or charitable trust program registrations are separate from and in addition to corporate filing requirements II. Arbitration Dispute Resolutiona. Arbitrationi. 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)III. MediationThese 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 mannerb. Unlike an Arbitrator or judge, a mediator assists the parties in reaching a settlement agreement on their owni. No decisions are imposed by the mediatorc. These parties can choose to formalize agreements arising out of the mediation processd. The mediation process is voluntary and
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