LWA 7- Team and Student Reflection- What Did This Course Mean to You-4

.docx

School

National Louis University *

*We aren’t endorsed by this school

Course

350

Subject

Business

Date

Jun 11, 2024

Type

docx

Pages

1

Uploaded by edgararroyo2019

Report
Edgar Arroyo Bus 350 Mr. Frech 1.What are at least two (2) business-related legal topics you will remember learning long after this term ends? The first topic is intellectual property rights. Protecting your company's intellectual property is crucial for its success and longevity. Trademarks, patents, and copyrights are all forms of intellectual property that can be legally protected. Business owners must ensure that they have the proper documentation in place to protect their intellectual property from infringement by competitors. The second topic is employment law. As a business owner, it is essential to understand the laws governing hiring and firing employees. Discrimination in the workplace can lead to costly lawsuits and damage a company's reputation. Employers must also comply with minimum wage laws, and overtime regulations, and provide safe working conditions for their employees. 2.What topics did we spend too much time talking about? Explain why. While it is important to protect one's intellectual property, the amount of time spent discussing this topic has been excessive. Companies have become overly concerned with protecting their ideas and innovations, leading to an increase in patent litigation. This has resulted in a waste of resources and time for businesses. 3.What topics do you wish we had discussed or spent more time talking about? Why? I think it would be beneficial to discuss more about contract law in detail. Contracts are an integral part of any business transaction and understanding the legal implications of contracts can help avoid disputes. 4.Did this course change your mind about your future career plans or the type or size of business you would like to own or work for? Yes, I am now considering pursuing a larger business venture where there is more protection from personal liability. Additionally, learning about the various types of businesses and their respective legal structures has given me insight into which structure would be most suitable for my future endeavors. 5.What, if anything, will you do differently as an employee or business owner as a result of taking this course? Furthermore, I will ensure that I comply with all employment laws to avoid any potential lawsuits from employees. This includes providing fair wages, benefits, and working conditions as well as adhering to anti-discrimination laws.
Discover more documents: Sign up today!
Unlock a world of knowledge! Explore tailored content for a richer learning experience. Here's what you'll get:
  • Access to all documents
  • Unlimited textbook solutions
  • 24/7 expert homework help