Know The Important Role of Law in Business

Business law includes a complex web of state, federal and municipal statutes. These laws work together to ensure predictability

and fairness.

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 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.

Contract Law

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.

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.

Corporate Law

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.

PPT Based On Data From Lowell Milken Institut

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