Tuesday, 24 January 2012

Chapter 8 Reflection Blog

            I learned very important things that new business owners should know from Chapter 8, The Legal Environment. One of the things I learned was the legal issues affecting business start-ups. They are permits and licenses, contracts, and location. I also learned that you have to renew or get a new patent after a 21 year period. That a patent infringement is when someone makes and sells a product that contains all elements of a patent claim. That the building codes are a set of standards for constructions or modifications of a building. Invoice is an itemized statement Chapter 8 was important to new business owners and current business owners because it tells them all about the laws that affect the owner, employees, and the business itself. Knowing this will help me in the future as a business owner because know I know what thing I should do to keep my business protected and away from sues.

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