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International Business Law (MNG126)

Annotation

This course offers an introduction to civil, private, business, European and corporate law for students who are not graduates in or acquainted with the law. The course starts with a description of the basic legal principles, rules and institutions, and with the description of the differences between the two legal systems within the European Union: the continental and the common law system. In the second part of the course basic principles of civil law, such as good faith, fraud, mistake, force majeure and reasonableness, will be discussed. Another part of the course covers themes of contract law, tort law, business law and corporate law. Problems of validity of contracts, non-performance of contracts, the difference between negligence and strict liability, problems of causation and legal rules governing the foundation, incorporation, organization and closure of corporations, other business entities and forms are some of the most important topics of this course. These topics will be analysed from a comparative legal and economic perspective. Both similarities and differences between the major European legal systems will be highlighted. This course also offers an introduction to the European law, and focuses on the institutional and substantial aspects of EU law. Furthermore, course also offers the introduction to the national, international and European Intellectual property law and discusses the law in relation to copyright, patents, designs, trademarks and passing offs.

Course aims and objectives

Understanding how the law affects business is absolutely essential to ensure students entering the profession with effective managing knowledge to deal with the myriad legal implications businesses are subject to. To be successful in a business career, students must have knowledge of the laws most commonly affecting undertakings, and the ability to apply these laws in business situations. The aim of this course is to get students acquainted with the main legal concepts, features, comparative perceptions and to equip them with skills ensuring their correct decisions, while at the same time enabling them to readily identify when an expert advice is required. This course ensures students with tools and knowledge for answering legal questions with the reference to laws of UK, USA, Germany and France and EU in general which is crucial to being successful in daily business life. As well some of the Lithuanian laws would be presented by the comparative approach.

Learning outcomes

  • Understand of the core concepts of business law.
  • Recognize the role of business law and be able to develop working environment which prompts innovative ideas.
  • Distinguish product and business model innovation, and be able to apply innovative approach towards various forms of business, complex revenue streams.
  • Understand the key developments in business law, linking creative solutions to operation excellence in manufacturing.
  • Apply cluster approach towards innovation and understand key linkages between business law and knowledge centers.
  • Identify the role of intellectual property and how its protection / accessibility could fuel innovation.
  • Understand the concept of social innovation, legal environment and range of innovative business options it brings.
  • Ability to work in groups, debate with peers in class and apply theoretical knowledge for relevant cases studies.
Syllabus
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