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:

Harbaville Triptych

A Byzantine ivory triptych of the 10th century, known for its detailed carvings and religious iconography.

Mount Sinai

A mountain in the Sinai Peninsula of Egypt that is of great religious significance to Judaism, Christianity, and Islam as the place where Moses is believed to have received the Ten Commandments.

Biblical Figure

An individual whose life and actions are described in the Bible, significant in religious and historical contexts.

Moses

A prophet in Abrahamic religions who is traditionally credited with leading the Israelites out of Egyptian slavery and receiving the Ten Commandments.