A contract is a binding agreement between two or more parties. This agreement creates one or more obligations. Each party to a contract is legally bound to do, or to … Continue reading “Contract Law”
Business Law Blog
Intellectual Property Rights
In contrast to real estate and tangible personal property, Intellectual Property refers to what the minds of men and women have created. Trademarks and Service Marks: A “trademark” is a … Continue reading “Intellectual Property Rights”
Tort and Cyber Torts
What is a tort? Conduct that harms other people or their property is generally called a tort. It is a private wrong against a person for which the person may … Continue reading “Tort and Cyber Torts”
Business Crime and Cyberlaw
What is a business crime? The following is a summary of business crimes: Bank Fraud: involves engaging in an act or pattern of activity where the purpose is to defraud a … Continue reading “Business Crime and Cyberlaw”
International Law and Transactions
International law may be defined as a body of law formed as a result of international customs, treaties, and organizations that governs relations among or between nations. International Customs are … Continue reading “International Law and Transactions”
Government Regulation of Competition and Prices
The Sherman Antitrust Act prohibits monopolies and restraint of trade. For example, several suppliers of widgets get together and agree they will all sell widgets for $1.00 to stores, and … Continue reading “Government Regulation of Competition and Prices”
Administrative Agencies
Administrative agencies resulted from the inability of governments, federal, state and local, to effectively regulate many aspects of business as well as other aspects of laws affecting citizens. As life … Continue reading “Administrative Agencies”
Alternative Means of Dispute Resolution
Alternative Means of Dispute Resolution is known by the initials ADR. What is ADR? First, ADR deals with disputes. If you have no dispute, you do not need ADR. Second, … Continue reading “Alternative Means of Dispute Resolution”
Definitions and Sources of Law
Law consists of the body of principles that govern conduct and that can be enforced in Courts or by administrative agencies. A right is the legal power to require someone … Continue reading “Definitions and Sources of Law”
Introduction
Once upon a time, people in business could close a deal without worry that there would be any misunderstandings in the future and certainly no possibility of a lawsuit. Unfortunately, … Continue reading “Introduction”
