This is a solution of Unit 1 Business Law Assignment Help in which we discuss Developing business

Unit 1 Business Law Assignment Help

Generally, businesses operate within a certain legal framework and business students are expected to have a good working understanding of that framework in order to be effective professionals within the Business environment. Aspects such as the legal rules which apply to sale of goods contracts, anti-competitive practices through monopolies, mergers and the use of intellectual property rights are essential tools to understand within that environment Hence after the study of this subject, learners would be better placed to apply these essential rules to their business dealings.

Learners need to understand the repercussions applicable for failure to comply with hese areas of law that follow from the basic rules of contract and tort as well as to appreciate the essence of avoiding such liability.

(1.2) Aim

The goal of this unit is to provide learners with knowledge and ability to apply laws relating to sale of goods, consumer credit, monopolies and intellectual property as it relates to business and its everyday dealings.

(1.3) Learning outcomes

1. Be able to apply the main principles affecting the legal relationship between business organisations and their consumers

2. Be able to apply the legal rules on consumer credit agreements and agency

1. Understand the legal rules relating to monopolies, mergers and anti-competitive practices
2. Know the key provisions relating to intellectual property rights

2. LEARNING OUTCOMES AND ASSESSMENT CRITERIA

On successful completion of this unit a learner will:

LO1 Be able to apply the main principles affecting the legal relationship between business organisations and their consumers and to; Read more : Risk of Material Misstatement at Financial Statement Level

1.1)  apply the legal rules on implied terms relating to the sale of goods and supply of services

1.2)  apply the statutory provisions on the transfer of property and possession

1.3)  evaluate the statutory provisions on buyer’s and seller’s remedies

1.4)  apply product liability statutory provisions

LO2 Be able to apply the legal rules on consumer credit agreements and agency and should be able to;

2.1) differentiate between types of credit agreements

2.2) apply rules, termination rights and default notices in a given scenario

2.3) differentiate between the different types of agent

2.4) evaluate the rights and duties of an agent

LO3 Understand the legal rules relating to monopolies, mergers and anti-competitive practices. Students should be able to;

3.1)  outline monopolies and anti-competitive practice legislation in the UK

3.2)  explain the role of the Competition Commission within the context of monopolies and anti-competitive practices and the UK Office of Fair Trading

3.3)  define dominant positions within the EU common market

3.4)  consider the application of EU exemptions to potentially anti-competitive practices

LO4 Know key provisions relating to intellectual property rights: Students should be able to;

4.1)  identify differing forms of intellectual property

4.2)  outline the principles relating to the protection of inventions through patent rights and their infringement in a given business scenario

4.3) describe the principles relating to copyright protection and their infringement in a given business scenario

4.4)  compare and contrast the protection of trademarks and business names.

3. UNIT CONTENT

LO1 Be able to apply the main principles affecting the legal relationship between business organisations and their consumers Sale of goods: statutory implied terms, transfer of property and possession, seller’s remedies against the buyer, consumer’s remedies against the seller; relevant legislation Supply of services: statutory implied terms, seller’s remedies, consumer’s remedies Product liability: defective goods, consumer remedies against the producer of defective goods; relevant legislation LO2 Be able to apply the legal rules on consumer credit agreements and agency Forms of consumer credit agreements: restricted use of credit, unrestricted use of credit, debtor-creditor supplier agreements, debtor-creditor agreements; relevant legislation Other agreements: exempt agreements, small agreements, multiple agreements, linked transactions, cancellable agreements Consumer credit licensing: general requirements, the issue of licences, termination of consumer credit agreements, early re-payment, right to terminate, termination statements, enforcement of consumer credit agreements, creditor’s remedies, default notices; relevant legislation gency: definition, types of agent, authority of agent, rights and duties of agent and principal, agent’s liability to third party, termination of agency; relevant legislation L03 Understand the legal rules relating to monopolies, mergers and anti-competitive practices Monopolies and competition in the UK: relevant legislation e.g. on competition, and Fair Trading; scale monopolies, complex monopolies, restrictive trade practices, Director General of Fair Trading Competition Commission: role of the Commission, appeals tribunal Dominant positions within the EU: treaty provisions, the abuse of a dominant position and enforcement Exemptions: treaty articles and definitions, individual and block exemptions

LO4 Know the key provisions relating to intellectual property rights Protection of inventions: registration of patents, designs, trademarks and copyright, role of the Patent Office (UK), European Union Patent Office Patents: patent legislation, patent rights, inventions, patents and employees

Copyright: copyright legislation, ownership of copyright, duration of copyright, using copyright materials Trademarks and business names: defining trademarks, applying to register a trademark, registering business names Infringement of intellectual property rights: unauthorised use of intellectual property, patent hearings, copyright tribunal, passing off

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