Delaware Code Title 6 Sec. 7702 – Definitions
As used in this chapter, unless the context otherwise requires:
(1) “ADR” means the alternative dispute resolution method provided for by this chapter unless the parties to a dispute adopt by written agreement some other method of ADR in which event “ADR” shall refer to the method they adopt.
(2) “ADR Specialist” means an individual who has the qualifications provided for in § 7708 of this title to conduct an ADR proceeding.
(3) A “dispute subject to ADR” means any dispute that:
a. Involves at least $100,000 in contention; and
b. Is not a summary proceeding under § 211, § 215, § 220 or § 225 of Title 8.
(4) “Person” means any individual, corporation, association, partnership, statutory trust, business trust, limited liability company or other entity whether or not organized for profit.
Terms Used In Delaware Code Title 6 Sec. 7702
- ADR: means the alternative dispute resolution method provided for by this chapter unless the parties to a dispute adopt by written agreement some other method of ADR in which event "ADR" shall refer to the method they adopt. See Delaware Code Title 6 Sec. 7702
- Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
- Partnership: A voluntary contract between two or more persons to pool some or all of their assets into a business, with the agreement that there will be a proportional sharing of profits and losses.