Lecture, three hours. Preparation: familiarity with basic vocabulary and concepts, including basic principles of accounting and valuation. Advanced course in business organization. Examination of structure of business transactions and allocation of control, risk, and return. Topics include venture capital investments, debt and loan agreements, employment agreements, distribution and marketing agreements (including franchising), motion picture production/finance/distribution agreements, and joint ventures. Assigned reading and focus on documents that incorporate terms of business transactions of deals. Concurrently scheduled with Law 239. S/U or letter grading.