Laws that govern businesses in America are considered to be part of business law. Thus it can include a wide range of subjects from information privacy to bankruptcy. Business law id also known as Commercial Law. It governs the issues that affect businesses. Business entities must abide by these legal frameworks in running their businesses. Intellectual Property Law and Tax Law are one of the two important aspects of business law and I have discussed them in precise.
Intellectual Property Law gives protection to a company’s own creations and resources. Important areas of this law are Patent, Copyright and Trademark Law. Patent Law gives protection to inventions, Copyright Law protects arts and Trademarks protects logos etc under which a company is running business. In present times it is very important for business organizations to get Intellectual Property protection. In case intellectual property is violated business organizations must take legal recourse.(AllLaw.com, 2015)
This branch of law deals with all taxation rules, requirements and regulations which a business organization must abide by. A business organization must hold a good understanding of the tax laws or else it might end up violating them. Business organizations may also benefit from exemptions provided under the law. (Small Business - Chron.com, 2015)
In conclusion I would say that apart from the two areas discussed above a business organization must stay within the bounds of the laws governing business, in case business organizations fail to do so they would not be able to run their businesses successfully.
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Introduction The regulation and proper operation of any company or corporation is completely dependent on the nature and manner in which the directors and other office bearers of the company perform their functions. This is so, because even though a company has a separate legal entity and it has its independent existence distinct from its members, nevertheless the company operates through its directors and office bearers and as such it is very i...Read More
Employment Law Explain the constitutional basis for the Fair Work Act 2009 (Cth) with reference to the Australian Constitution and discuss the relationship with Australian common law, with reference to the National Employment Standards. The Fair Work Act, 2009 is a labour welfare legislation aimed at improving the relations between employees and employers so that productive workplace relations can be formulated which would further help in pro...Read More
John was an architect and was employed by a small firm in the Melbourne CBD. He worked part-time. On his days off, he enjoyed designing and printing T-shirts. He started designing and printing T-shirts in August 2009, when his friend introduced him to the hobby. He printed T- shirts when he had the time and kept them for himself or gave them as gifts for family members for special occasions. As an architect, John had excellent design skills. Mo...Read More
Question 1 The International business law is concerned with the rights of business with each other and with international organizations. Domestic law is within the state and it concern with the rights of business within the state(Bartone, 2010). The domestic and international business law is very differing in mainly two aspects first of all the law making process and the enforcement. International law is an ever expanding field that controls...Read More
Introduction Capital punishment is punishing of a person by the state as a discipline for wrongdoing. Law violations that can bring about capital punishment are known as capital wrongdoings or capital offenses. It get utilized as a part of social orders all through history as an approach to rebuff wrongdoing and smother political dispute. In many spots that practice the death penalty today, capital punishment is saved as discipline for...Read More