Maybe as a businessman you hold an ill opinion of law. You hate the binding force of the various laws; the vast mountain of laws, rules, regulations you have to comply with, in order to succeed in the business world is really a bore and even a threat before you. But an understanding of the legal environment of businesses is highly necessary and beneficial. Your career success may depend on how well business law does its job. The law is a tool of civilization. And does with any tool we must learn to use it before it becomes helpful. It is particularly important that a businessman learns how the law works. Business people contact with legal matters almost everyday. Most business decisions involve legal considerations. Even the simplest business transaction, such as the sale of an item in a retail store, involves a number of legal implications. Underlining the vital and strategic decisions concerning marketing, management, finance, etc, there is the law. The law sets limits on business decisions, and some legal decisions arise so fast or so small that it is impossible or impractical to call in a lawyer. So a businessman must know enough law to see that every business decision is made legally and every cent is earned justifiably.
Section B: speaking up
1. Typical dialogue.
1) Background information: Zhao Xiangyu, manager of a company asks his lawyer, Mr. Jin Nan, about economic law.
Zhao Xiangyu, Mr. Jin Nan
2) Practical dialogue
They say that a citizen is cared for and governed by law from cradle to grave. As you specialize in civil law or to be exact economic law, can you tell me something about economic law? I think it is important for a businessman.
Sure, economic law is sometimes classified into organizational law, managerial law, cooperation law, arbitration and litigation. It maintains the enterprise’ legal position, safe guards our economic order and therefore ensures the development of our national economy.
What are the essentials of economic law?
First, you should know something about subject of economic law which consists of three factors: subject, content, and object.
What are the legal relations of them?
As to the subject, in our country, we have government agencies, enterprises, other social organizations, etc. Economic rights and duties are the contents of economic law’s legal relations. Its object can be classified into property, conduct and intellectual fruits.
I see, thank you.
2. Typical dialogue
1) Background information: Manager of a business, Guan Daiya is now talking with Mr. Zhu Mo, the lawyer about the focal topics at present, industrial property law.
Guan Daiya, Mr. Zhu Mo,
2) Practical dialogue:
Some of the laws you mentioned are focal topics at present, for example, industrial property law.
Yes, in today’s competitive business environment with so many businesses exploiting innovative products, the intangible assets such as patterns, trade marks, and intellectual property are often the most valuable assets that a business owns.
Under such conditions, industrial property law provides the legal protection for business owners.
In China, industrial property law has two bodies, pattern law and trade mark law.
I’ve learned a lot about industrial property law. But what’s on my mind is why the law protects the consumer. As we know, it’s a free market. And the consumer has the right not to choose.
It’s because there always are a few dishonest or incompetence suppliers who deceive then the laws for consumers provide the consumers with the legal backing, including the legal bases for settlement of disputes between the consumer and the seller.
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