Legal & Business Environment

Module 1

Legal Aspects of Business and Contracts: Concept of law. Types of Law. Definition, Nature, and types of contracts. Essentials of a valid contract. Consideration and essentials of consideration. Free Consent. Legality and Validity of Contracts. Discharge of contracts. Arbitration: Meaning, Essential and Effects. Conciliation: Meaning, Procedure, and Effect.

Module 2

Companies Act 2013: Characteristics and types of companies. Formation of companies; documents and registration process. Directors: Appointment, Powers, Duties, and Liabilities.

Company Meetings. Oppression and Mismanagement.

Module 3

IPR: Types of IPR, overview, and definitions. Patents and Patentability, working of patent and compulsory license, infringement. Meaning of copyright, ownership and assignment, licenses, Infringement. Meaning of Trademark, grounds of registration, infringement and passing off, assignment of trademark, collective trademark, certification marks. Definition of design, the difference between copyright and design, Piracy of registered design. Trade secrets, meaning, and essentials. Advantages and disadvantages of trade secrets.

Module 4

IT Act 2000: Objectives & Scope, Important definitions, E-Governance and offenses & Penalties. Consumer Protection Act: Definitions: Consumer, Defect and Deficiency. Unfair and Restrictive trade practices. Role and Functions of Consumer Protection Councils. Rights of Consumer. Consumer Forum; Structure and jurisdiction. Power of consumer forum.

Remedies underact.

Module 5

Socio-Political-Economic Environment: Economic systems. Financial systems. Economic policies and macro-economic scenario. Constitutes of political environment. Constitutional provisions: Freedom of Trade and Reasonable restrictions. Economic roles of government.

Demographic structure of India. Socio-Cultural environment of India.