Building a Strong Business with Abiding the Business Law

Law required in every area of life, including in the field of business (business law). In general, the law aims to provide maximum benefits to the people living in their jurisdictions, among others, provide legal certainty, set the order in society, justice, resolve conflicts, and drive development.

So it is with business law. Law aims to give business to business in the form of justice, rule of law, and order in carrying out their business activities. Business law can be simply understood as the rules of law governing the conduct of business activities.

In general, business activities are classified into three types, namely trade, industrial activities, and service activities. Trading activity is trading activity conducted by individuals or entities. Industrial activities include all activities producing goods. Meanwhile, service activities are all activities the provision of services performed by individuals or entities.

The existence of business law is very important because it is almost impossible to run a business people and business activities smoothly, safely, and orderly without the protection and guidance of the rules of law, in this case business law.
A business activity is so complex so it requires a clear legal framework. Imagine if a business partnership involving two or more parties in it, just run based on good faith or oral agreement. Is there anything that can ensure that each party will fulfill all its obligations, or otherwise acquire all rights?

Business law also required when there is a dispute or conflict in the realm of business. Without business law, it is not possible disputes relating to business activities completed using the "law of the jungle" or through street violence.
That's the reason why most small business law becomes very important. There are many other aspects in the field of business which require legal arrangements, such as consumer protection to get healthy product, not expired, or service guaranteed.

Other examples in the areas of business law, including business contracts, forms of business entities, loan guarantees, banking, intellectual property, employment, investment, investments, securities, taxation, prohibition of monopolies, commercial transactions, insurance, distribution , liquidation, bankruptcy, mergers, financing, credit, capital markets, agency, and international trade.

If you are a businessman, whatever your business concept, then comply with all regulations included in the law business is a liability. Obedience to the law of business is the foundation to build a solid business, dignified, and safe. Conversely, violation of the law will surely reap the sanction of law. Violation of business law will bring your business to the brink of a variety of problems, such as boycotts by customers, the resistance of the workers, the cancellation of business contracts, and lawsuits by parties who feel aggrieved.

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