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You Have Just Graduated and Have Started Your Own Business

Question 54

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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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Mandatory arbitration clauses are valid ...

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