the business law essay examples

the business law essay examples

Exploring the Application of Business Law Through Case Studies

1. Introduction to Business Law and its Importance in the Business World

Business law is a branch of law that provides guidelines for both business-to-business and business-to-client transactions. It provides the explicit guidelines for conducting business activities and manages the government’s relationship with individuals and other states. It also oversees the company’s activities and impact on the environment and other aspects. The rules were established in order to control society and accomplish social objectives. There are several laws and regulations relating to company registration, operating license standards, and the duty of care for potential customers. Legislation and regulations exist in most countries to manage businesses’ operations and defend the country’s goals and purpose. Laws, as established by the constitution, are the most authoritative, but ordinances are implemented by the supreme authority. Business owners and financiers must comprehend these rules in order to make wise decisions.

Given the dynamic nature of any business, individuals make their company more responsive with strategic decision-making. Nevertheless, arrivals of various legal considerations might put the organization at risk. For this reason, they should have the applicable legal knowledge. Business law is one of the segments of the legal system that focuses on various elements like business abandonment, torts, differences, and criminal behaviors. Case studies in business law may help one comprehend the application of corporate law in the real-world scenario. Each company operates inside of a lawful network framework. This lawful system is always open to potential change. However, different corporate provisions and administrative concerns influence corporate conduct. To run their operations, all business entrepreneurs need a general knowledge of the rules.

2. Case Study 1: Contract Law in Business Transactions

The drama: Colonial Food Logistics is experiencing managerial difficulties in its dealings with DelRevVent Inc. Advice: In this case, legal advice is sought to provide advice to uncertain directors, such as the Managers of Colonial Food Logistics as they progress through the elements of contract formation. Exegesis: In their advice, students are to identify the relevant corporate director duties as relevant – see Topic 9 and the recent Corporations Act 2001 (Cth), including breaches of those duties, including potential effects on more general compliance contexts in the broader contract management area. Of course, it might also be worthwhile to point out expectations of honest cooperation and fair dealing in this branch of commercial practice both generally and where dealing with supply contracts. Should they choose to adopt such a focus, an analysis of the implications for this particular scenario as well as either local, regional or full international trade practices would be useful. They should identify the various elements of their client’s rights, various elements of their client’s obligations, or both, and outline a path for resolution.

Case Study 1: Contract Law in Business Transactions

In this section, a case study is presented which involves logistics administration, the facilitation of trade and payment arrangements. Parties involved in this practical business transaction have encountered unexpected difficulties since the agreement was struck, and it is necessary to seek legal solutions to the dispute. The case study outlines the logical application of the elements of contract formation, both in advice, interpretation matters and in alternative dispute resolution in the context of business practices, which have become local, regional and international contracts for businesses.

Introduction:

3. Case Study 2: Intellectual Property Rights and Protection in the Digital Age

Why is intellectual property protection necessary in the digital realm? Our business example highlights the importance of intellectual property protection in an increasingly digital world. Internet games and gaming platforms such as Fortnite and Roblox are highly popular with millions of players worldwide, particularly among aged 9 to 16. Our study scenario describes how Fortnite permits players to cover 39 to 95% of their characters with “skins,” which can feature different looks, clothing, or uniforms. The company offering Fortnite, Epic Games, sells these skins in what are known as “bundle” sales. Our study focuses on two cross-promotional bundles featuring well-known Fortnite skins selling for prices ranging from $19.99 to $24.99. Significantly for our legal analysis, both Roblox and Fortnite engage in the arts to create their “skins,” adapting their characters into trend-setting or theme-provoking looks. When adapting characters into works reflecting life and culture setting, however, copyright and trademark rights already held by others must be considered, just as new rights in the adapted characters can be secured.

In today’s interconnected and digitized world, the ubiquity of the internet and social media, combined with the rapid rise of the digital and gaming sector, necessitates the implementation of intellectual property rights safeguards more than ever before. Whether arising under the federal Copyright Act, 17 U.S.C. §§101, et seq., the Lanham Act, 15 U.S.C. §§1051, et seq., or corresponding state law, these rights can be impacted by and affect various business law considerations, including advertising, financing, and the due diligence that precedes a merger or acquisition. At the core of these rights are copyrights, trademarks, and patents, and violations of which may result in penalties including monetary damages, disgorgement of profits, and accelerated disgorgement for counterfeit goods. Our hypothetical case study uses the detailed example of cosmetic “bundle” sales within the Fortnite game to discuss the need for intellectual property rights and the hurdles facing digital rights owners. Relevant federal regulations and case law are analyzed.

4. Case Study 3: Employment Law and Workplace Discrimination

It is not realistic that you are going to come out of these cases prepared to be a lawyer who can go to court and defend an employment office in a suit claiming discrimination. Instead, these cases will help you know some of the specific regulations and precedents that courts consider, and what kinds of arguments are likely to be successful. I hope you gain a “pragmatic” understanding of the real-world implications of anti-discrimination laws. How practical are these laws to implement and enforce? How are they meant to work? What wheels are set in motion?

Employment and labor law is a complex subject and involves federal and state regulations. The rights of workers and the obligations of employers fall under several different categories and agencies. One area of employment law that affects many organizations is anti-discrimination policy. Employers need to have a basic understanding of the principles of anti-discrimination law in order to treat all employees and applicants fairly and avoid legal action. This case study will focus on employment law and workplace discrimination. It is an area in which everyone has had some experience – as an employee or employer. Most organizations have policies and conduct training in this area, but there is still the potential for personal bias (conscious or unconscious) to influence decision making. These cases will provide an opportunity to see a number of different aspects of the laws protecting employees or potential employees from discrimination.

Section 4: Case Study 3: Employment Law and Workplace Discrimination

5. Conclusion: Lessons Learned and Future Implications

In conclusion, the expressive desire for reliable, transparent, and legal-compliant business practice cannot be overstated. Consumers can be impatient with a cost of acting of searching through mountains of fine print and want to transact on the go. As a consequence, the law regulates standard form contracts to offer a baseline of the most important contract terms. For years, the need for socially responsible corporate conduct has been prominent. Regulatory pressure and changed conduct of institutional investors are adding momentum to these investors.

An informed and modern attention to the occasional application of business law can help businesses and their legal advisors in some cases minimize financial losses or manage legal risks. In the case studies that this article has provided to date, we take a look at the legal regulation and impact through common law of fraud, undue influence, and misrepresentation at corporate law, consumer protections on standard form contracts, and potential Environmental, Social, and Governance (ESG) liabilities and risks. The examination of each of these topics concluded by discussing the relevance of the law in each case and the potential future implications for business and/or the legal practitioners serving businesses. Some, but not all of the principles and rules that we have explored so far in these case studies are immediately relevant to a wide range of potential business conduct.