BUSINESS

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. […]

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

The industry environment in the United States has grown highly competitive and companies are entering into complex agreements and partnerships 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 stronger growth momentum. Mostly such collaborations are

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

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

In the United States, antitrust laws ensure free and fair competition in the market.  Free and open competition benefits the consumers as well as society and the economy. However, a large number of consumers do not even know about these laws or the protections they offer. Apart from the Federal government, most states also have

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 spread of the Coronavirus pandemic has had a drastic impact on the economic performance of various industry sectors worldwide. Apart from declining demand, rising unemployment is also a big challenge that has grown since economies shut down. While some of the jobs have returned as economies have started reopening, the impact of the pandemic

In the US, there are several Federal and State laws that prohibit discrimination against employees and applicants within a protected class. Protected class or protected groups in the context of employment discrimination means certain groups that are protected by the law against discrimination on the basis of age, sex, national origin, gender, religious beliefs or

The Equal Employment Opportunity Commission The Equal Employment Opportunity Commission or the EEOC is the leading agency in the United States that enforces the laws making it illegal to discriminate against an applicant or an employee on the basis of age, sex, color, race or one of the various other bases. The EEOC laws cover