Know The Important Role of Law in Business

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Know The Important Role of Law in Business
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Business law includes a complex web of state,
federal and municipal statutes. These laws work
together to ensure predictability and fairness.
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Different Kind Of Law Which Are Important In
Business

Contract Law
Intellectual Property Law

Corporate Law

Employment Law

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• Contract Law

Contract Law
Contract law is a broad field that governs the
conduct of business in many areas including
contract drafting, assignment of rights,
transactions, delegation of duties, what
agreements have to be in writing, conditions to a
contract, breach and remedies.
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• Intellectual Property Law

Intellectual property law includes patents and
trademarks. Just as real property law is
concerned with rights relating to a piece of
property, intellectual property is concerned with
rights relating to products of the mind.
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• Corporate Law

Corporate law governs formation of corporate
businesses. State corporate codes provide rules
and regulations regarding articles of
information, bylaw, boards of directors, and
other elements involved in forming a corporation.
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Employment law governs the rights and duties
between employers and workers. Also referred to
as labor law, these rules are primarily designed
to keep workers safe and make sure they are
treated fairly, although laws are in place to
protect employers interests as well.
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PPT Based On Data From
Lowell Milken Institute