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Semester |
6 |
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Course Code |
MA5620 |
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Course Name |
Business Law and Intellectual Property |
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Credit Value |
3 |
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Pre-requisites |
None |
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Core/Optional |
Optional |
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Hourly Breakdown |
Theory |
Small Group Activities/Assignments |
Independent Learning |
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28 |
20 |
102 |
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Course Aim(s): To explain how the law evolved and how it applies in the commercial context, introduce the concept of intellectual property and explain the pathway to obtaining a patent.
Intended Learning Outcomes: ➢ differentiate between Civil and Criminal Law. ➢ examine the conditions under which contracts can be formed and discharged. ➢ discuss law relating to the sale of goods, agency and different forms of business organisations. ➢ analyse the principles of the law of employment, intellectual property and environment pertaining to business scenarios. |
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Course Content: (Only main topics & subtopics) ➢ Introduction: Sources of law; legal system in Sri Lanka; the difference between civil and criminal law; tort of negligence and 'duty of care'. ➢ Law of Contracts: Essential elements of a contract; conditions and warranties; terms and misrepresentation; essential elements of a contract; conditions and warranties; terms and misrepresentation; discharge of contracts; alternative dispute resolution. ➢ Sale of Goods: Definition of 'goods'; sale of goods ordinance. ➢ Law of Agency: Legal concept of 'agency'; creation of agency; authority of an agent; duties of agent/principal towards principal/agent. ➢ The law Relating to Partnerships: Formalities in establishing a partnership; business names legislation; JVs and partnerships; rights and duties between partners. ➢ Company Law: Nature of a company – 'separate legal entity'; lifting the corporate veil; types of companies; company registration; company liquidation. ➢ Intellectual Property: Types of IP; patents; prior to research; application for a patent; patent drafting; legal issues of IP. ➢ Law Relating to Employment: Sri Lankan legislation on labour; occupational health and safety - factories ordinance; workmen's compensation. ➢ Environmental Law: Environmental law in Sri Lanka; environmental approval of projects. |
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Teaching/Learning Methods: ➢ Lectures ➢ Student Based Activities |
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Assessment Strategy: |
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Continuous Assessment |
Final Assessment |
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Small Group Activities 30% Quizzes 20% |
Theory(%) |
Practical(%) |
Other (%) |
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Recommended Reading: ➢ Mann, A.G. and Roberts B.S. (2019). Essentials of Business and the Legal Environment Law and Managerial Finance. Cengage. ➢ Weerasooriya, W. (2010). Commercial Law (1st Edition), Project Management Institute, Sri Lanka. |
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