Useful Links
Law
Corporate and Business Law
Business Law
Business Entities
Sole Proprietorships
Definition and structure
Advantages
Simplicity of formation
Full control for the owner
Direct taxation
Disadvantages
Unlimited personal liability
Challenges in raising capital
Limited lifespan
Partnerships
General Partnerships
Formation and characteristics
Joint and several liability
Management structure
Profit and loss sharing
Limited Partnerships (LPs)
Role of general vs. limited partners
Formation requirements
Liability differences
Limited Liability Partnerships (LLPs)
Legal framework and registration
Liability protections for partners
Professional partnerships
Limited Liability Companies (LLCs)
Formation process
Operating agreements
Taxation options
Default tax treatment
Election for corporate tax status
Member vs. manager management
Advantages and disadvantages
Joint Ventures
Definition and purpose
Formation process
Advantages
Risk and cost sharing
Access to new markets and resources
Disadvantages
Complex legal agreements
Potential for conflicts
Contract Law
Elements of a Contract
Offer
Definition and requirements
Termination of offer
Acceptance
Methods of acceptance
Communication of acceptance
Consideration
Definition and significance
Examples of valid consideration
Promissory estoppel
Types of Contracts
Employment Contracts
Terms and conditions
Confidentiality clauses
Non-compete agreements
Sales Contracts
Uniform Commercial Code (UCC) overview
Title and risk of loss
Warranties
Lease Agreements
Types of leases (residential vs. commercial)
Essential terms
Tenant and landlord rights and obligations
Breach of Contract
Types of breach
Material breach
Minor breach
Anticipatory breach
Defenses against breach claims
Impossibility
Unconscionability
Remedies
Damages
Compensatory damages
Punitive damages
Liquidated damages
Specific Performance
Situations warranting specific performance
Limitations and enforceability
Employment Law
Employment Contracts
Elements of a binding employment contract
At-will employment doctrine
Termination clauses
Employee Rights and Protections
Minimum wage and overtime regulations
Family and Medical Leave Act (FMLA)
Employee retirement benefits and protections
Workplace Safety
Occupational Safety and Health Administration (OSHA) standards
Employer responsibilities
Employee rights to a safe workplace
Discrimination and Harassment
Identification of protected classes
Equal Employment Opportunity Commission (EEOC) guidelines
Employer liability and preventive measures
Intellectual Property Law
Patents
Types of patents
Utility patents
Design patents
Plant patents
Patent application process and requirements
Patent infringement and enforcement
Trademarks
Function of trademarks
Trademark registration process
Infringement and defenses
Copyrights
Definition and scope of protection
Duration of copyrights
Copyright infringement consequences
Trade Secrets
Definition and examples
Legal protections and remedies
Maintaining confidentiality
Commercial Law
Sales of Goods
Contract for the sale of goods
Implied warranties
Commercial Transactions
Secured transactions
Security interests and collateral
Perfection and priorities
Negotiable instruments
Types of negotiable instruments
Endorsements and negotiation
Consumer Protection
Federal Trade Commission (FTC) regulations
Consumer rights and responsibilities
Unfair trade practices
Dispute Resolution
Litigation
Court system overview
Civil procedure
Trial process
Arbitration
Benefits and drawbacks
Arbitration clauses
Arbitration process steps
Mediation
Role and structure of mediation
Benefits of mediation
Enforceability of mediated agreements
Bankruptcy Law
Chapter 7 Bankruptcy
Eligibility and means test
Liquidation process
Dischargeable debts
Chapter 11 Bankruptcy
Reorganization process
Debtor-in-possession concept
Plan of reorganization
Chapter 13 Bankruptcy
Repayment plan structure
Eligibility criteria
Discharge process
Reorganization and Liquidation
Differences in approach
Strategic considerations for businesses
Impact on creditors and stakeholders
1. Corporate Law
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3. Stakeholder Rights and Responsibilities