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Running head: LEGAL PAPER

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Legal issue paper
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LEGAL PAPER
Introduction
This paper analyzes the topic based on the legal environment which has a direct impact
on businesses and corporations. In this paper, legal environment business involves a business
code of conduct that outlines the business activities boundaries. Therefore, this topic includes
various factors essential in comprehending the business boundaries and having a basic

understanding on multiple legal jurisdictions, which has a significant influence on the needs and,
demand of the business consumers, community as well as government as a whole. Additional,
there are several laws applied in the past and are still in use to ensure business operate legally or
as expected. Subsequently, all these laws that governed the business meant to control business
activities and identify various unethical business practices. Moreover, the paper outline the role
these laws serve in the business world, and also their implication to ensure there is business
professional.
Business laws and legal environments which impacted on its activities in the past
In the world of business, there are many laws and legal conditions enacted in the past for
companies’ works in the rights way. Therefore, most of this legal frameworks put in place to
govern the business operation and curb unethical practices in the workplace as well as the
market. In this case, will look at the laws and their anticipated purposes in the United States
businesses as well as how they've impacted the business in the past. However, the key laws
which affected business include the environmental law, antitrust law, consumer protection law
and legislation which protect the public interest (Guledani, 2005). Moreover, the law which
affected business occupations is diversifying laws, occupational qualification and employee
health and safety. Whereas, laws which affected organization externally are patents law,
bankruptcy, trademark and copyrights laws as well as incorporation law (Aliouat, 2009). All the

LEGAL PAPER

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laws impacted business in one way or the other and ensure the business operation controlled
accordingly.
In this case, will look at few laws enacted in the past to safeguard the public interest. For
instance, the antitrust law the Sherman act adopted in 1890 by congress. The initial idea behind
this law was to regulate the monopoly which troubled business sector for an extended period. An
antitrust law initiated after the occurrence of civil war due to increased demand for cotton,
petroleum and various agricultural products. Afterwards, the Sherman act declared that
restriction of trade and other interrelated actions through monopolies were illegal.
Besides, the other objective of this law was to uphold the right of traders, to counter
unfair market competition, and to protect interest and priorities of consumers through promoting
reasonable competition that enhances economic growth. Some the traditional unfair market
competition are bribes, counterfeits, and adverts opposite to the product. Other unfairness
practices include government representative misusing power to interfere with the economy
which sabotages the operation of local manufacturers. Therefore, after government identified
such unethical business activities created a mistrust laws to try to control such practices in the
business sector (Cross, 2015). The federal government ensured that monopolies t...