7 Facts You Should Know About Business Law
If you are starting a business, you should have a general understanding of some of the legal aspects involved. Even a small Schaumburg, IL business can get into legal trouble, so it’s a good idea to have an overview of business law and how it might impact your business.
Seven Concepts of Business Law
- Know what intellectual property is so you can protect your business’ ideas, products, services, inventions, and so forth.
- Have a general understanding of business contracts and what might be required for your type of business. Understand the concepts of offer and acceptance.
- Know the definition of product liability to protect yourself in the event of a lawsuit if your ...