About This Chapter
Laws Related to Business Ownership - Chapter Summary
This chapter introduces you to all the important laws and regulations that affect business ownership. You'll learn to differentiate between real property and personal property and identify the different types of contracts. Our experienced instructors also guide you through lessons on intellectual property law and penalties resulting from trademark infringement. You'll get a firsthand look at the rights held by consumers and the laws and regulations that play a role in your ability to make business decisions. When you've watched all the lessons in this chapter, you'll be able to explain:
- Patent infringements
- Patent protection and other ways to protect intellectual property
- Copyright law
- Product liability and consumer protection laws
- Policies associated with environmental law
- Zoning and safety regulations
The comprehensive lessons in this chapter provide all the info you need to know about laws associated with business ownership through quick and concise videos. Each video comes with a transcript that you can refer to while watching the video or afterwards for further review. When you're unsure about a concept, use the video tags to refer back to main topics in each video or ask one of our expert instructors questions on the laws that play a role in owning a business. Round out your study of this topic by taking the self-assessment quizzes that accompany each lesson and the chapter exam.
1. Real Property and Personal Property: Definition and Differences
Much of business law deals with property. There are actually two different types of property: personal property and real property. This lesson explains the differences between these two types of property.
2. Contract Law Terms: Definitions & Contract Types
A contract is an agreement between two or more parties to perform a service, provide a product or commit to an act and is enforceable by law. There are several types of contracts, and each have specific terms and conditions.
3. What is Intellectual Property Law? - Definition and Rights
Intellectual property is a broad term that applies to many different types of original creations. Businesses use intellectual property law to protect innovative and marketable works created in someone's mind. This lesson explains this special type of property law.
4. Trademark Infringement: Laws and Penalties
Trademark infringement occurs when someone uses another's trademark without permission from that trademark's owner. There are various state and federal laws that protect trademarks. This lesson explains trademark infringement and the laws that cover trademark infringement.
5. Patent Infringements: Definition and Cases
Patent infringement is a complicated civil cause of action. There are many, various components to patent infringement. Generally, it's the use of a patented object without the patent owner's permission. This lesson explains patent infringement.
6. Trade Secrets and Patent Protection: Protecting Intellectual Property
A business must decide how to best protect its intellectual property. Sometimes that decision comes down to deciding between using trade secret or patent protection. This lesson explains the key differences between these two intellectual property protections.
7. What is Copyright Infringement? - Understanding Copyright Law
Copyright is a type of intellectual property right that protects certain original works. Copyright laws work to provide authors with exclusive rights to their works. Any unauthorized use could amount to copyright infringement. This lesson explains copyright law and copyright infringement.
8. What Is Consumer Protection? - Product Liability, Laws & Rights
Consumer protection refers to the laws and other forms of government regulation designed to protect consumers. One form of consumer protection is product liability. This lesson explains consumer protection and product liability.
9. What Is Environmental Law? - Principles, Issues & Policy
Environmental law involves a series of laws, policies and procedures enforced by various agencies with the goal of protecting the environment. Environmental law often overlaps other laws to act as an extra layer of legal protection.
10. Legal Considerations When Making Business Decisions
When it comes to making decisions for a business, many hold both legal and ethical consequences.There are several important things to consider, including customers, shareholders, employees and even society.
Earning College Credit
Did you know… We have over 160 college courses that prepare you to earn credit by exam that is accepted by over 1,500 colleges and universities. You can test out of the first two years of college and save thousands off your degree. Anyone can earn credit-by-exam regardless of age or education level.
To learn more, visit our Earning Credit Page
Transferring credit to the school of your choice
Not sure what college you want to attend yet? Study.com has thousands of articles about every imaginable degree, area of study and career path that can help you find the school that's right for you.
Other chapters within the NYSTCE Business and Marketing (063): Practice and Study Guide course
- Introduction to Business Management
- Organizational & Group Behaviors in Business Management
- Motivation in Business Management
- Human Resource Management & Development
- Business Ownership
- Labor-Management Relations
- Business Law Basics
- Ethics in Business Today
- Marketing Fundamentals
- Marketing Strategies in Business
- Marketing & International Business
- Accounting Fundamentals
- Accounting & Financial Management
- Business Technology & Information Systems
- Business & Marketing Communications
- Principles of Economics
- Consumer Economics & Personal Finance
- Career & Professional Development in Business
- NYSTCE Business and Marketing Flashcards