You Have Just Graduated and Have Started Your Own Business

question 54

Essay

You have just graduated and have started your own business.You will be providing goods and services to the general public,and you are concerned about potential legal exposure and resultant costs of litigation.You'd like to add a mandatory arbitration clause to all of your contracts.Is a mandatory arbitration clause legal and valid,and if so,what concerns must you consider in constructing this clause?

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Definitions:

Sensorimotor Schemes

Cognitive structures in early childhood development, according to Piaget, involving the coordination of sensory experience with motor activity.

Low Self-Esteem

A personal evaluation characterized by a feeling of inadequacy and a lack of confidence in one's own abilities or worth.

Accept Criticism

The ability to receive and constructively respond to negative feedback or evaluation.

Coping with Obstacles

Strategies or mechanisms employed by individuals to manage, navigate, or adapt to challenging situations, stressors, or barriers.