Key Features

• Legal Aspects of Business deals with laws and regulations governing commercial and corporate activities.
• It covers the Indian Contract Act, which lays the foundation for valid contracts and agreements.
• The Companies Act regulates incorporation, management, and dissolution of companies.
• The Partnership Act and LLP Act govern partnership firms and limited liability partnerships.
• Sale of Goods Act defines rights and duties of buyers and sellers in trade.
  Negotiable Instruments Act covers cheques, promissory notes, and bills of exchange.
  Consumer Protection Act ensures fair trade practices and safeguards consumer rights.
  Intellectual Property Rights (IPR) protect trademarks, patents, copyrights, and business innovations. Labour laws regulate employer–employee relationships, wages, and workplace rights. Knowledge of business law helps managers ensure compliance, avoid disputes, and make ethical decisions.