They would need to know about the intellectual property law because they could accidentally steal a design for a logo that got stuck in their head from a well established company, and get sued, therefore hurting the business.
to guarantee minimum standards e.g. of consumer protection, health and safety at work etc
to protect the weak against the strong e.g. small companies against larger companies or groups of companies that work together to fix prices
to provide benchmarks of good practice for business to set as minimum standards
to provide an appropriate framework for ethical business behaviour
to create standards where none exist.
Administrative law is a branch of public law that is concerned with the procedures, rules, and regulations of a number of governmental agencies. Administrative law specifically deals with the such administrative agencies’ decision-making capabilities, as they carry out laws passed by state and federal legislatures. An example of administrative law is the regulation and operation of the Social Security Administration, and the administration of benefits to the people. To explore this concept, consider the following administrative law definition.
Clients can owe businesses payment for services, and businesses have financial obligations they need to pay.
