Business Law

Definition of a Contract: A contract can be defined as an agreement between two or more private parties that creates mutual obligations enforceable by law. The basic compulsory elements that make an agreement a legally enforceable contract include mutual assent or genuine agreement, valid offer and acceptance, adequate consideration, as well as capacity and legality. …

The Principles of Contract Law and their Application to Businesses Read More »

Survey the students of any law school about their reasons for choosing law and you will find that their answers largely fall into three categories. Some of the students will come from law families, with the expectations of parents and siblings weighing down on them. Others will want to ‘make a difference’. Usually, motivated by …

10 Secrets Every Law Student Should Know Read More »

For more than a century, the Federal Trade Commission has been protecting the concerns of American consumers. The mission of the Federal Trade Commission or FTC is to protect consumers and competition by preventincomg the anticompetitive, deceptive, and unfair business practices through law enforcement, advocacy, education, and without unduly burdening business activity. The focus of …

Types of competitor dealings with antitrust risks Read More »

The industry environment in the United States has grown highly competitive and companies are entering into complex agreements and partnerships in order to survive the competition. Whether it is for foreign expansion or funding of innovation efforts, or about bringing operating expenses low, companies are forming complex collaborations to achieve create growth momentum. Mostly such …

How does the US Supreme Court determine if a collaboration between competitors is illegal? Read More »

While many times mergers of businesses are beneficial for both the consumers and the society and allow businesses to operate more efficiently by allowing them to reduce prices of their products, many times the case can be different. Several times the purpose of a merger between two or more businesses may be gaining more market …

Mergers and premerger notifications in the United States Read More »

The Antitrust laws in the United States play a  very important role in ensuring free and fair competition. These laws save the consumers in the US nearly millions or even billions in overcharges. Free and open competition in the US market is beneficial for both the consumers and the society as well. The antitrust laws …

Who enforces the antitrust laws? Read More »

In the United States, antitrust laws play a major role in ensuring free and fair competition.  Free and open competition is beneficial for consumers as well as society and the economy. However, a large number of consumers might not have even heard of these laws and how they protect them.   Apart from the Federal …

Antitrust laws in the United States Read More »

What is the Federal Trade Commission? The Federal Trade Commission has been protecting American consumers for more than the last 100 years.  It was formed on September 26, 1914, with President Woodrow Wilson signing the Federal Trade Commission act into law. However, it opened its doors in 1915.  At the time of its formation, the …

The Federal Trade Commission Read More »

Advertisements generally do not count as contracts. Instead, they are considered an offer to make a deal. There are several more steps that must be taken in order to convert an advertisement into a legally binding contract. For example, an advertisement or announcement specifying the sale of merchandise at a specified price cannot be considered …

Are Advertisements Contracts? Read More »

What are the differences between employee and independent contractor? At several points it becomes essential for businesses to differentiate between an employee and an independent contractor. There are several points of distinction between the two. Of all the factors that affect one’s status as an employee or a contractor, it is the degree of control …

Employee or independent contractor: How to find out? Read More »