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importance of business law to students

To protect Employee and Employer Rights. Aspiring business leaders should consider studying a Master of Business Law online that covers a variety of tools you can use to manage your organisation more effectively. Yet managers are expected to be aware of the legal implications their decisions might have on the organisation. 47 Bergen St--Floor 3, Brooklyn, NY 11201, USA, Sorry, but copying text is forbidden on this 7. Working 24/7, 100% Purchase In short, a better understanding of Corporate, Consumer, and Commercial Law helps in setting benchmarks in product quality, safety standards, production and operational standards, and human resources, thereby protecting the rights of the organisation, its clients, vendors, and employees. The students or the aspirants will easily get the knowledge of basics of business law, so that they can retain and sustain in … Often, this involves the expertise of a specialist who can help entrepreneurs succeed in an area such as law or finance. © Southern Cross University | ABN: 41 995651 524 | Legals | Privacy | CRICOS Provider: 01241G, At the very moment a business is informed that a legal case has been brought against them, it’s too late – the legal…, For a long time, the legal world struggled with whether an organisation can be legally held responsible for the…, Just as there’s an art to writing great fiction, crafting an excellent essay and reporting an informative piece of…, Graduate Certificate in Educational Wellbeing, Graduate Certificate in Educational Inclusion and Diversity, Master of Information Technology Management, Graduate Diploma in Information Technology Management, Graduate Certificate in Information Technology Management, Graduate Certificate in Project Management, Graduate Certificate in Healthcare Leadership, Graduate Diploma of Mental Health Nursing, Graduate Certificate in Mental Health Nursing, she told Sean Silverstone at Harvard Business School, The future of law firms in a tech-driven business environment, Legal costs in litigation and how to avoid them. Foundations of Business Law Elective - This elective course from the School District of Haverford Township includes a section on contract law. A better understanding of legal matters also provides a manager with a framework on which a decision can be made. HAVEN’T FOUND ESSAY YOU WANT? In fact, IP law is a vitally important tool to understand invention patents, avoid IP infringements and the rules of tough, but fair, competition. During business operations, disputes may occur due to difference in interests or some other reasons amongst the stake holders such as – owners, employers, suppliers, different entities, government, etc. Hello Vuyo, Thank you for your message and your interest. To define Basic Setup of a business. No. Full course information and entry requirements, Career opportunities and salaries information. can send it to you via email. To find out more about an online Master of Business Law at Southern Cross University Online, or to learn more about our other leading online programs, speak to one of our expert Student Enrolment Advisors today on 1300 589 882. Privacy statement. Sahil Devasia has a bachelor’s degree in Physics, Mathematics and Computer Science with an MBA in Marketing. Business law makes it mandatory for all the businesses to maintain an ethical conduct which in turn pleases the buyers and they form a good image of the business. By contrast, business leaders with a firm grasp on legal knowledge at the outset can outpace their competition through an understanding of what makes a viable transaction. Similarly, provision for employers’ rights are also necessary for their protection against unlawful demands and claims from workers. Such property may be patents, trade secrets, symbols, copyrights, name, etc. Students should be instructed to begin by watching the chapter overview video, which provides a holistic overview of the entire chapter. After all, they may have joined a management programme with the dream of becoming a manager in a multinational company in which they might assume there will be teams in of lawyers in place to take care of any legal implications. Business law also provides security for business entities against such acts. 4. Business Law and Business Law Attorney Business law is a body of the law that mainly focuses on the legal and proper configuration within with the business and the organization operates. To protect Intellectual Property of business entities. Business laws also provide unauthorized use of intellectual property of the business entities. To define Regulations for Business Operations. One of our Education Advisors will get in touch with you shortly and will explain the programme in greater detail and answer all of your questions. 6. At a minimum, you need to know what conduct is legal and what is not. One of our Education Advisors will get in touch with you shortly and will explain the programme in greater detail and answer all of your questions. Importance of Business Law for MBA Students 1. Business law also defines guidelines for providing reliable financial information such as financial statements of business entities. There needs to be certain rules and regulations to carry on various timely operations in any business regardless of the type of business. For more information you may request for a free catalogue at http://www.salford.rkc.edu/catalogue?j=face_an. The importance of business law education is emphasised by the fact that there is a compulsory commercial law topic in the academic requirements for a chartered accountants' programme of study. In today’s almost borderless business environment, understanding the organisation’s rights vis-à-vis its employees, clients, vendors, government, etc., will go a long way to making better, more informed, and profitable business decisions. Recommended Teaching Methods Pre-session Assignment and Preparation - Provide students with the dynamic text material prior to class. Salford Business School Students Visit The Supreme Court from University Of Salford on Vimeo. SAMPLE. What is a company's liability for its employees' actions? To protect Intellectual Property of business entities. To provide Business Security. Nowadays, we can see a lot of struggle between businesses for protection of such assets. 89 v. Department of Education, Zenith Radio Corporation v. United States, GET YOUR CUSTOM ESSAY 1. Striking the right balance between business decision-making and legal implications requires an experienced approach. And in any case, considering the fact that most organisations these days operate multinationally, legal costs can have a considerable impact on the company’s bottom line, so managers do need to have at least basic training in Law. With more detailed information specific to your course and field of study, including: By submitting this form you agree to be contacted by Southern Cross University Online regarding furthering your education. Please how do I get an online admission and how do I know if this schooling is legit. Business laws also provide unauthorized use of intellectual property of the business entities.

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