misunderstood by many managers selected companies should be able to leverage

Misunderstood by many managers selected companies

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misunderstood by many managers, selected companies should be able to leverage their legal resources into a source of competitive advantage that is sustainable over the long term.The gov entities make policy decisions on matters or tax, regulation,and licesing that make or break entire undustry sectors and influence which companies within the sectors succeed Purpose of law- ensuring of orderliness to all human activity No universal definition of the law How broadis the LAW- page 10 Law according to philosophers page 10 Prima facie“On its face”the evidence before trial is sufficient to prove the case unless there is substantial contradictory evidence presented at trialfiduciary dutiesObligation of respect (profionalism)DutiesIt boils down to reasonable personal standard.Personal jurisdictionYou can only drag into court
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If you write good contractracts you don’t have to worry much of the law. .In our legal system there are primary and secondary sources.Primary sources contain legally binding rules and procedures. (black leather laws)Constitution: oldest legal document - sets super important laws of the land and foundations of society.State Level Constitutions: tend to be longer and deal with more issues that impact daily living within the state.Statutes: laws that are passed by legislative bodies.Regulations: laws that are set forth by some sort of administrative body (i.e. FDA or EPA).Binding Court Decisions: when a court needs to interpret a law and make a decision that either clarifies it or helps figure out how it is supposed to apply to society Secondary sources: help explain laws, restatements, hypotheticals.Government Websites: underrated source of info about the law.Restatements: explain laws in different ways to help people figure out how the law should be interpreted and applied.Law Review Journals, Legal Publications, Academic Scientific ResearchFor a legal sys to function prop, it must command the respect of the great majority of ppl governed by it.How we think of the law 1. Rule oriented approach Has tunnel vision - very stark, black and white, here is the law, it’s the same yesterday as it is today and it will be the same thing tomorrow - when you ask an attorney about a law, should respond with rule oriented approach. 2. Process oriented approach Views the law broadly; looks at how the rules are created; asks "Why?" Judicial activism - basically is when a judge is helping to nudge the law along - pretty much any time a judge is moving the law in one direction or the other or widening or narrowing who it applies to or adding a new exception to a law, that’s the judge actively changing and helping the law along.
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