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LAW - Coggle Diagram
LAW
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Business Law
the body of law which governs business and commerce and is often considered to be a branch of civil law and deals both with issues of private law and public law
regulates corporate contracts, hiring practices, and the manufacture and sales of consumer goods
the body of law that applies to the rights, relations, and conduct of persons and businesses engaged in commerce, merchandising, trade, and sales
The word ‘Law’ has been derived from the Teutonic word ‘Lag, which means ‘definite’.
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International law, the body of legal rules, norms, and standards that apply between sovereign states and other entities that are legally recognized as international actors.
The sources of international law: international custom , treaties, and general principles of law recognized by most national legal systems. International law may also be reflected in international comity, the practices and customs adopted by states to maintain good relations and mutual recognition, such as saluting the flag of a foreign ship or enforcing a foreign legal judgment.
The relationship and interaction between a national legal system (municipal law) and international law is complex and variable.
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FORMS OF BUSINESS
There are three basic legal forms of business: proprietorship, partnership, and corporation.
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Product liability
the area of law in which manufacturers, distributors, suppliers, retailers, and others who make products available to the public are held responsible for the injuries those products cause.
Although the word "product" has broad connotations, product liability as an area of law is traditionally limited to products in the form of tangible personal property.
While products are generally thought of as tangible personal property, products liability has stretched that definition to include intangibles (i.e. gas), naturals (i.e. pets), real estate (i.e. house), and writings (i.e. navigational charts).
Product liability in Russia
is regulated by the Civil Code of the Russian Federation (the Civil Code) and the Law on Consumer Protection dated 7 February 1992 (the Consumer Protection Law). Certain specific issues are also governed by other normative acts such as decrees of the government of the Russian Federation.
The Civil Code and the Consumer Protection Law contain a number of provisions by which manufacturers (sellers, importers, service providers as well as their representatives) may incur liability for loss or damage suffered by the consumers (as defined below) of their products, regardless of whether a direct contractual relationship exists.
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The basic feature of the Russian legislation regulating product liability is its pro-consumer orientation, under which additional warranties and rights are given to the consumer
As Russia belongs to the continental system of law, court rulings (precedents) are not considered to be an official source of law.
Intellectual Property
Intellectual property (IP) refers to creations of the mind, such as inventions; literary and artistic works; designs; and symbols, names and images used in commerce.
Intellectual property is a broad categorical description for the set of intangible assets owned and legally protected by a company from outside use or implementation without consent. An intangible asset is a non-physical asset that a company owns.
• Intellectual property is an umbrella term for a set of intangible assets or assets that are not physical in nature.
• Intellectual property is owned and legally protected by a company from outside use or implementation without consent.
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The discipline and profession concerned with the customs, practices, and rules of conduct of a community that are recognized as binding by the community.
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LIABILITY
s something a person or company owes, usually a sum of money. Liabilities are settled over time through the transfer of economic benefits including money, goods, or services.
is an obligation between one party and another not yet completed or paid for. In the world of accounting, a financial liability is also an obligation but is more defined by previous business transactions,
TEXT: Sealed Air Corporation
Rosen Law Firm, a global investor rights law firm, announces the filing of a class action lawsuit on behalf of purchasers of the securities of Sealed Air Corporation (NYSE: SEE) between November 5, 2014 and August 6, 2018 (the “Class Period”). The lawsuit seeks to recover damages for Sealed Air investors under the federal securities laws.
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