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Business Law

Business Law is also known as Commercial Law or Corporate Law. According to the legal dictionary, it is commercial law is defined as “all the law which applies to the rights, relations and conduct of persons and businesses engaged in commerce, merchandising, trade, and sales”.

This subject all aspects of law pertaining to the running of commercial establishments and their operations, including transactions carried out with other establishments. Business laws control the business transactions between domestic and/or foreign trading partners and even those between states or countries.

In fact, business law covers all those aspects of both civil as well as public law that a businessman should know regarding the legal issues of: merchant shipping including carriage by land and sea, bills of exchange, secured transactions, partnerships, business practices including hiring practices, advertising and marketing and the laws that pertain to manufacturing and distribution of consumer goods and so on. Business law includes such areas as collections and bankruptcy, banking and contracts.



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The course in Business Law offered my most universities is divided into subjects such as: Consumer Protection; Corporate Governance; Corporate and Securities Regulation; Dispute Resolution; Employment Issues; Finance; Foreign Investment; Information Technology and Intellectual Property; International Business Transactions; and Tax.

Consumer Protection deals with the different laws regarding consumer protection, the regulatory measures taken by the policy makers and regulatory bodies, legislations and regulations on consumer protection, the basic consumer rights, and international approaches to consumer protection.

Corporate governance deals with the governance practices and responsibilities in modern corporations. The role of the board of directors and the powers due to the shareholders The differences in the legal systems pertaining to corporate governance, and their impact on corporate and market performance, and the effect of judicial and financial reforms on the growth of financial markets and their development.

Consumer Protection deals with the different laws regarding consumer protection, the regulatory measures taken by the policy makers and regulatory bodies, legislations and regulations on consumer protection, the basic consumer rights, and international approaches to consumer protection.


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Corporate governance deals with the governance practices and responsibilities in modern corporations. The role of the board of directors and the powers due to the shareholders The differences in the legal systems pertaining to corporate governance, and their impact on corporate and market performance, and the effect of judicial and financial reforms on the growth of financial markets and their development.

The Corporate and Securities unit could have topics that are relevant to the legal rules of financial economics and financial accounting like Corporate Finance, Securities and Capital Markets, and Financial Statement Analysis and Interpretation There could also be other subjects that are relevant to Deals like Mergers and Acquisitions, Deals making and Deals Litigation.

Dispute Resolution: deals with various processes that are used to settle disputes between parties that can include such areas as negotiation, mediation, arbitration, collaborative law, and litigation. Dispute resolution addresses problem solving methods that would satisfy at least some needs and interests of each of the disputing parties. Dispute resolution is also known as conflict resolution.

Employment Issues with reference to disputes in the Human Resources section of the corporations are dealt with in this course. The relevant employment laws of the country are used in resolving disputes arising from the problems faced by the employees and the management.



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Finance or Corporate Finance would give the student a brief look into the concepts of financial analysis and the time value of money. The modules could include such subjects as risk and return, cost of capital, capital structure and capital budgeting decision making, dividend policy, long-term capital financing and working capital management.

Foreign Investment unit would normally deal with a survey of foreign trade and investment topics including trade theory and policy, international factor movement, theories of international investment and contemporary trade and investment issues.

Information Technology and Intellectual Property: This course would usually consist of the History and Philosophy of Intellectual Property Rights and their relevance to information technology, the impact of intellectual property rights on the design and development of information systems, patents and the inventor’s rights, industrial patents, emerging issues in technology relevant to intellectual properties.

International Business Transactions would normally include the laws pertaining to the merchandising or the commercial laws, contract formation, export/import transactions, laws regarding the breach of contracts and so on.

Business taxes include income tax, employment tax and excise tax. The corporate taxes are also covered in this unit.




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