Legal Aspects of Business Development (MNG265)

This course is designed to provide business students with a basic understanding of the legal and regulatory environment in which a business operates. It introduces fundamental principles of business law in areas such as contracts, company law, employment issues, business resolution and intellectual property. Regardless of career focus, business students will undoubtedly be exposed to business situations that have significant legal implications. Students will acquire skills to make well thought out decisions, devise strategies, recognize legal issues or impediments, and react appropriately to situations as they arise.

In this course, we continue our discussion of contract law and company law. The module will introduce the forms of setting up businesses, types of securities, investment agreements, shareholders’ agreements, option agreements, companies taxation system in Lithuania, law regulating intellectual property, rights of consumers, you will learn the foundations of the laws governing employees and employers, etc. The module will introduce to the legal principles that govern various business situations and apply those principles to an issue to determine the outcome when the law is applied to the facts of a scenario, the main procedures for resolving business disputes

• Will be able to describe legal system in Lithuania and business legal environment.
• Will be able to identify the main laws regulating business legal environment.
• Will be able to identify legal sources, the system of courts in Lithuania, the main procedures for resolving business disputes, and alternative ways to solve business disputes.
• Will be able to describe the main forms of business organization, to name their advantages and disadvantages.
• Will be able to understand the main principles of contract, employment, customer protection, intellectual property, and civil responsibility principles.
• Will be able to describe the principles of commercial international law and unification of law on the international level.
• Will be able to analyze and resolve practical legal issues common for business organizations.