According to HG.org, businesses laws are implemented to provide all organizations in the marketplace with fair conditions to succeed. The actions of businesses, their owners and their employees are regulated by laws meant to protect businesses from other entities that want to cheat them and vice versa.Know More
According to the National Business Education Association, all businesses must be created to exist under the laws of the place where they reside. For businesses operating between cities or internationally, they must comply with all laws that affect them in both regions. Because business law is vast and complex, a business needs to have lawyers to interpret and advise proper action to ensure compliance.
"The Legal and Ethical Environment of Business" explains that to aid businesses and their legal staff, governments create regulating bodies. Agencies such as the U.S. Securities and Exchange Commission exist to protect investors and consumers by holding businesses accountable for any dangerous or fraudulent practices.
HG.org explains that business law is meant to provide guidelines by which businesses are able to avoid litigation. It is beneficial to seek the counsel of lawyers who specialize in business law before a business forms because these lawyers are acquainted with the pitfalls the new business seeks to avoid. A good lawyer is able to structure contracts and exchanges such that the business remains compliant with law to minimize liabilities while remaining as profitable as possible.Learn more about Law
Some unusual state laws include Indiana's law that liquor stores may not sell cold sodas but may sell non-chilled ones, that selling margarine as butter is against the law in Iowa, and selling liquor by the glass is illegal in 26 counties in Kansas, according to Business Insider. Kentucky law requires legislators, lawyers and public officials to swear that they have not participated in a duel with deadly weapons.Full Answer >
Arizona's employment termination laws allow employers to terminate an employee at any time unless there is a written employment contract, or unless the termination violates state or federal law, according to AZLawHelp.org. These include civil rights laws, occupational safety and health laws, agricultural or union employment laws, and other specific reasons.Full Answer >
Typical animal protection laws cover general prohibitions, penalties, seizure of animals, veterinary reporting and law enforcement policies, explains the Animal Legal Defense Fund. Specific laws pertain to the use of animals for fighting and sexual purposes.Full Answer >
Codified federal, state and local laws are all examples of positive law. Legislative acts, judicial orders, executive decrees and administrative regulations are other examples of positive law.Full Answer >