Business Law (P1)

Acquire foundational knowledge of business laws and regulations to understand their nature and scope

intellectual property

an intangible asset that refers to creations of the mind, such as inventions; literary and artistic works; designs; and symbols, names, and images used in commerce

copyrights

protects original creative works and gives the creator the exclusive authority to reproduce, distribute, perform, or display their creation, preventing others from copying or profiting from the work without permission

trademarks

protects brand identity, including names, logos, slogans, and any other brand identifiers that help consumers recognize your business

patents

protects new inventions, product designs, and technical processes by giving the inventor the exclusive legal authority to exclude others from making, using, selling, or importing an invention for a limited period of time

trade secrets

confidential information, such as formulas, methods and internal data, that gives your business an advantage, often kept secret using NDAs

employment laws

rules that protect workers and set responsibilities for bosses; governs issues like workplace safety, fair pay, termination and equal treatment

tax laws

rules that dictate how companies report income and pay obligations based on entity structure; governs how taxes are collected, managed, and enforced by the government

consumer protection laws

laws that prevent anticompetitive, deceptive, and unfair business practices, safeguarding buyers

contract laws

a set of rules that makes promises legally binding, requiring an offer, acceptance, and consideration; helps both people and businesses make safe deals

business ownership

the legal structure that defines who runs a company, how profits are handled, and who is responsible for debts

environmental laws

rules and regulations created to protect natural resources, ecosystems, and human health from pollution and damage