Title:Instructor: Institution: Date of submission:Business LawThe TV series shark tank is one of the best performing reality programs today, with insightful business ideas that go through the roof. The expertise on the show is cutting edge, making the show one of the most followed. At first, the show may not have such an allure, but a few minutes in, and the show sticks up on the sofa. The main idea of the show is that, entrepreneur`s line up with their business ideas pitching them to a panel. Shark tank competition comes in three tiers, where the first stage is the determination of the eligibility of the product. In the second tier after the panel listens to the presentation the entrepreneur is presented with an offer from the panel. The third tier is all about showing how competitive the positions are, as they try to strike a deal with the entrepreneurs. In this case the entrepreneur may be offered to surrender part of his business to the investors, for them to agree to fund the business idea. The show can be quite intense, as it is part of a one hour contest that is cut down to only ten minutes. Usually the panel scrutinize the idea inside out, looking weakness be it in the products, the concept or the business that is being used. The cast members including Mark Cuban, Lori Greiner, Daymond John, Robert Herjavec, Kevin O`Leary, Barbara Corcoran. There are some other two cast members that are not on the show anymore, that is Kevin Harrington and Jeff Foxworthy both of whom seized being part of the reality show in the year 2011. The executive producers of the show are Clay Newbill and Phil Gurin. Sometimes the contest becomes so intense that the contestants breakdown their confidences, as the investors shoot them down with questions and comments on the business idea. At times some of the contestants choose to leave the show without the deal as they are too disappointed with the panels responses .O`Leary is one of the sharks that is known for his brutal manner of dealing with the contestants. Corcoran on the other hand is much more composed and provides the debate with the much needed calm. Before coming to the show the contestants are required to sign an agreement that gives the show producer 5% equity or 2% royalty to the business when the idea goes through. Restaurant impossible is a TV show that is in the category of reality shows. It is aired by the Food Networks, and revolves around the revival of restaurants that are failing. In this case a chef called Robert Irvine is the main force of expertise, where he demonstrates his skills by solving ‘impossible` tasks of reviving crumbling restaurants within a stipulated time and within a tight budget. To his assistance is a team of designers, namely; Nicole Faccuito, Krista waterworth, Lynn Keagan, Vanessa De Leon, Yvette Irene, Taniya Nayak, and Cherly Torrenueva. Tom Bury is also part of the team but comes in as the contractor. When they are given a restraint that is on its knees to revive, Ro...