Business Laws include all the laws that are used for governing and running the business. It establishes rules that should be followed by businesses. Business Law is considered to be a branch of civil law as it includes public law and private law. Business Law include state laws, federal laws, and administrative regulations. These laws includes conditions on how to start a business, buy, manage, sell, or close a business organization.
The study of Business Law is essential as it assists professionals in gaining knowledge about business ethics which is used in running a successful business. Running a business with license and registration is vital for every firm. The course of Business Law helps in understanding legal issues that are linked with operating a business. It helps the business in obtaining a Copyright Protection and Federal Trademark.
The study of business law is compulsory for every management graduate when he wants to open up a new venture or join service as a manager.
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