Problem 1. Elf obviously objected to arbitration in California (or perhaps an)"vhere) . So why did it agree to the a1·bitration clause?
Problem 2. Suppose that the p arties had included in their LLC operating agi·eement a provision of the following so1-t: Each member agrees that the other shall be relieved of and immune to liability for any act against the other or against the LLC, whet her in tort or cont ract or in law or equity, regardless of any allegation of willfulness, intention, or gi·oss negligence. What result?
Problem 3. What result if the vehicle for the joint venture had been a corporation rat her than an LLC?
Problem 4. Is there any good reason why the parties should not be allowed to contract as to jurisdiction and a1·bitration?