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\r\nNUS Business School
\r\nDepartment of Strategy & Policy
\r\n
\r\n
\r\nBSP1004 Legal Environment of Business
\r\n
\r\n
\r\nCo-ordinator : Ravi Chandran
\r\n
\r\nSession : Semester I, 2015/2016
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\r\nCourse Objectives
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\r\nThis module is intended to equip students who will be future business managers with legal knowledge that is relevant to commercial transactions so that they can, not only understand the rights and obligations of a business, but also pre-empt potential legal problems from arising by taking appropriate preventive measures (such as insurance). The module will also discuss the interaction between law and ethics and further some comparative, international and e-commerce issues will be addressed in order to prepare students for a world which is highly globalised and digitalised.
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\r\nCourse Outcomes
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\r\nThe intended learning outcome of the module is for students to be able to apply the law to common legal problems that may arise in typical business setting.
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\r\nCourse Overview
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\r\nPart 1
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\r\nThe course starts off introducing the legal environment in which a business operates and topics covered include the relationship between business and law on one hand and ethics and law on the other.
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\r\nIn addition, the different commercial dispute resolution methods, including mediation and arbitration, will be highlighted, the latter being particularly significant in the international business context. The cost effectiveness of these various methods would also be examined.
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\r\nFurther, issues pertaining to legal advice, in particular, the importance of giving proper instructions and how otherwise, the interests of a business may be adversely affected, will also be addressed.
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\r\nOne of the first questions that an entrepreneur would face, namely, what sort of vehicle should he choose to run his business. The business structures covered are sole-proprietorships, partnerships, companies, limited liability partnerships, limited partnerships and joint ventures. A cost-benefit approach will be used to highlight the differences between these various structures. In addition, some corporate governance issues, director’s duties and insider trading will also be addressed when considering companies.
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\r\nPart III
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\r\nA business would deal with a whole range of persons, including suppliers, bankers, financiers, distributors, marketers, insurers, transporters, warehousers, landlords, contractors, franchisees, agents, employees and consumers. A business’s relationship with all these parties is primarily governed by contract and it is estimated that nearly 85% of business disputes are contractual in nature. Thus it is crucial that a business has good understanding of how contracts work.
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\r\nTopics covered include general contractual principles as well as contractual principles relating to specific situations such as those relating to the sale of products and services.
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\r\nIn addition, a sample cross-border contract will be studied so that a business understands the common terms used in contracts, including international contracts.
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\r\nPart IV
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\r\nBesides incurring liabilities or acquiring rights under a contract, a business may also incur liabilities or acquire rights on other grounds.
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\r\nTopics covered encompass, negligence liability of a business, including that of manufacturers, distributors, importers, developers, contractors, employers, accountants, stockbrokers and bankers.
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\r\nIn addition, the business protection of intellectual property rights (such as copyrights, patents, trademarks) and confidential information will be examined.
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\r\nThese aside, some other regulations which may affect a business, such as those arising under the Competition Act (and the Workplace Safety and Health Act, Work Injury Compensation Act and Personal Data Protection Act) will also be examined.
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\r\nCourse Schedule
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\r\n\t\t\tWeek\r\n\t\t\t | \r\n\t\t\t\r\n\t\t\tLecture Topic\r\n\r\n\t\t\t\r\n\t\t\t | \r\n\t\t\t\r\n\t\t\t\r\n\t\t\t | \r\n\t\t
\r\n\t\t\t1 \r\n\t\t\t | \r\n\t\t\t \r\n\t\t\tIntroduction \r\n\t\t\t | \r\n\t\t\tThis includes Ethics, Alternate Dispute Resolutions, Dealing with Lawyers and International Comparisons | \r\n\t\t
\r\n\t\t\t2 \r\n\t\t\t | \r\n\t\t\t \r\n\t\t\tBusiness Organisations \r\n\t\t\t | \r\n\t\t\tThis includes Joint Ventures and International Comparisons | \r\n\t\t
\r\n\t\t\t3 \r\n\t\t\t | \r\n\t\t\t \r\n\t\t\tCompany | \r\n\t\t\tThis includes Corporate Governance and International Comparisons \r\n\t\t\t | \r\n\t\t
4 | \r\n\t\t\tCompany | \r\n\t\t\tThis includes Directors’ Duties, Insider Trading and International Comparisons | \r\n\t\t
5 \r\n\t\t\t | \r\n\t\t\t \r\n\t\t\tContract – Formation | \r\n\t\t\tThis includes International Comparisons | \r\n\t\t
6 | \r\n\t\t\tContract – Terms | \r\n\t\t\tThis includes Employment Law and International Comparisons | \r\n\t\t
\r\n\t\t\tRecess Week \r\n\t\t\t | \r\n\t\t\t \r\n\t\t\t | \r\n\t\t\t\r\n\t\t |
7 \r\n\t\t\t | \r\n\t\t\tContracts – Vitiating Factors \r\n\t\t\t | \r\n\t\t\tThis includes Anti-Competitive Agreements and International Comparisons | \r\n\t\t
\r\n\t\t\t8 \r\n\t\t\t | \r\n\t\t\tContract – Termination/Remedies | \r\n\t\t\tThis includes International Comparisons | \r\n\t\t
\r\n\t\t\t9 \r\n\t\t\t | \r\n\t\t\t \r\n\t\t\tProduct Liability | \r\n\t\t\tThis includes International Sales, International Comparisons and Lemon Law | \r\n\t\t
\r\n\t\t\t10 \r\n\t\t\t | \r\n\t\t\t \r\n\t\t\tBusiness Torts /E-commerce | \r\n\t\t\tThis includes Employment Law and International Comparisons \r\n\t\t\tNote: E-commerce may either be taught separately or interspersed between the various other topics. | \r\n\t\t
\r\n\t\t\t11 \r\n\t\t\t | \r\n\t\t\t \r\n\t\t\tIntellectual Property | \r\n\t\t\tThis includes Trade Marks, Copyright, Patents and Confidential Information and Data Protection | \r\n\t\t
12 | \r\n\t\t\tCompetition | \r\n\t\t\tThis includes Anti-competitive Agreements and Abuse of Dominant Position | \r\n\t\t
13 | \r\n\t\t\tWrap-Up | \r\n\t\t\tThis includes analysing/understanding a cross-border contract | \r\n\t\t
0 \r\n\t\t\t | \r\n\t\t\tDoes not participate or contribute in any meaningful way that day. | \r\n\t\t
1 | \r\n\t\t\tVolunteers or answers when called upon, largely once during that day, but some value in the contribution. | \r\n\t\t
2 | \r\n\t\t\tVolunteers or answers when called upon or asks questions, more than once and value of presence felt during that day. | \r\n\t\t
3 | \r\n\t\t\tVolunteers or answers when called upon or asks questions and impactful contribution to class that day. | \r\n\t\t