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B LAW 341
BUSINESS LAW: FINAL STUDY GUIDE Trademarks Intellectual Property (IP) • Any property resulting from intellectual, creative process—product of an individual’s mind • Ex: text in book, computer files, apps, movies, music, algorithms, photos, drawings • Almost always intangible • The law protects 4 types of IP: a
EXAM 2 NOTES NATURE OF CONTRACTS • Contract (K): an agreement that can be enforced in court; damages may include money or an order to perform a promised act 1
Business Law 341 Exam 2 Study Guide 1
Chapter 27-‐ Forms of Partnerships 1) Partnerships-‐ can be implied or express a) Agency Concepts and Partnership Law i) Relationship is similar to agency as both partners are agents to each other and the partnership ii) Fiduciary duty charged to all involved b) Uniform Partnership Act (UPA) i) Governs in the absence of an express agreement
Chapter 24-‐Employment, Immigration, Labor Law 1) Employment at will-‐either party may terminate the employment relationship at any time for any reason, unless a contract specifies otherwise a) Montana does not use employment at will b) Cannot be applied to protected class if violated federal or state statute c) Exceptions i) Contract Theory (
These notes include material from two days of lecture, including quizzes in purple and additional comments mentioned by the professor in red.