Summary
Summary English 2RP MOD 1-2
- Course
- Institution
Legal and Business Topics
[Show more]
5 reviews
By: sinasalahi • 5 year ago
By: blakelenoir • 5 year ago
By: 7am1r4 • 6 year ago
By: Stuviaforlife • 6 year ago
By: Laura056 • 6 year ago
Seller
Follownicolebentkowska
Reviews received
Content preview
Part one: Legal topics – 1 Business and the lawWarming up
In what ways will the law have an involvement in the different departments of an
international company? (e.g. the Human Resources department will be concerned
with contracts of employment).
What about the Sales department? Of Finance?
Sales department:
Contract law, consumer protection law and commercial law
Finance department:
Tax law and Investment
What kinds of legal claims might be made against a company by employees,
suppliers or competitors? And what claims might the company make against them?
Claim against a company by:
- Employees: salary disputes, discrimination, bullying, unfair dismissal
- Suppliers: breach of contract
- Competitors: infringement of copyright, infringement of patent, infringement of
trademark, slander or libel, unfair competition
Claim made by the company against:
- Employees: theft/robbery, misconduct, breach of confidentiality
- Suppliers: breach of contract
- Competitions: unfair competition
Questions
1. Which four general areas of running a business are typically affected by the law?
People, products, premises and profit.
2. Which people are described as being affected by the law (inside and outside the
company)?
Employees, management, shareholders and customers.
3. What kind of responsibilities does a manufacturing company have toward
consumers?
The products have to be safe and reliable.
4. Why is intellectual property law important?
A company must carefully protect its intellectual rights. It wants to avoid
infringement of patents (trademarks and copyrights)
5. What can companies do to reduce the amount of tax they have to pay?
Legal tax avoidance (not tax evasion, that’s a criminal offence)
1
,Legal terminology
Employment law = the law related to hiring and firing
Consumer protection law = the law that protects the buying public
Medicines law = the law regulating the manufacture and sale of pharmaceuticals
Tax law = the law relating to a share of profits
Health and safety law = the law concerning the well-being of employees
Vocabulary
Ontslag Dismissal
Aandeelhouders Shareholders
Correcte administratie/documenten Proper records
Wangedrag Misconduct
Het statuut van het bedrijf Legal status
Schadevergoeding (compensatie) Damages
Aanzienlijk Substantial
Procesvoering To take your (civil) case to Litigation
court (going to court)
Inbreuk (op patenten, handelsmerken and Infringement (of patents, trademarks
auteursrecht) and copyright)
Bezit van grond en gebouwen Premises
Belastingsontwijking Tax avoidance
Belastingsontduiking Tax evasion
Gelijke kansen Equal opportunities
Tuchtprocedure Disciplinary procedure
Consulentenbescherming Consumer protection
Onroerend goed Real estate
Misdrijf Criminal offence
Codes = rules of conduct or correct business practice which don’t have the force of law
Under licence from = with permission of another company (to sell or to produce goods,
with permission of the company that has the patent, in return for part of the sales revenue)
Contracts of employment = agreements between employers and employees
Recruited = employed, hired
Discrimination = unfairly choosing one person in favour of another
Dismissal = being fired
Shareholders = the people who own a company
Legal status = the legal standing of a company
2
, A product liability claim = a legal challenge resulting from a product that causes harm
Damages = compensation ordered by a court to be paid to someone who has
suffered loss or injury
Legislation = written laws
Breach of contract = when a contract is broken
Infringement of patents = copying someone’s registered invention
Premises = a word describing a building and the land it stands on
Real estate = property (offices, houses, etc.)
Tax evasion = not to pay tax, but in an illegal manner, it’s a criminal offence (tax
avoidance is legal)
Exercises pages 3 – 6
3
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller nicolebentkowska. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $5.98. You're not tied to anything after your purchase.
Can Stuvia be trusted?
4.6 stars on Google & Trustpilot (+1000 reviews)
62890 documents were sold in the last 30 days
Founded in 2010, the go-to place to buy study notes for 14 years now