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Business Law

Business Law:

In this subject, students will gain knowledge and understanding of the laws necessary to safely run a small business. The course covers various aspects, from contracts to copyright, financing to insurance, and provides clear explanations of proprietorships, partnerships, and corporations.

Knowledge Core Competency: Upon completion of this subject, a student is expected to summarize key aspects of the law needed to run a small business.

Objectives:

  1. Identify various ways to carry on a business.
  2. List important start-up issues that may arise when initiating a small business.
  3. Explain why intellectual property is a crucial asset for an organization.
  4. Discuss the significance of trademarks and patents as assets for an organization.
  5. Identify privacy obligations faced by business owners and employees.

Skill Core Competency: Upon completion of this subject, a student is expected to use legal services effectively for small business operations.

Objectives:

  1. Choose a suitable business structure that aligns with the owners’ needs.
  2. Professionally manage interactions with consumers and employees.
  3. Effectively use contracts for protection and resolution of disputes.
  4. Successfully handle billings and collections.
  5. Utilize professional advisors when necessary.

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