Business Law

As a subject of study, business law is essential to the curriculum of business management students because it equips them with the knowledge and ability required to run a business legally and within the provisions of the law. The principle areas of business law are contracts and agreements, business structures, employment & labor law, laws related to the protection of proprietary rights, and legal requirements that need to be followed.

Here are some of the specific benefits of taking a business law course for business management students:

Reason on the legal consequences of business actions: Managers come across issues with legal consequences in their day-to-day management of business organizations. Hence, the law provides a valuable tool to business managers as it furnishes them with knowledge to make proper choices and/ or avoid legal repercussions.
Negotiate and draft contracts: Every business needs contracts as it is one of the foundations of business operations. Business law helps students understand the rules of contract negotiations and to write contracts which are reasonable and legal to implement.
Safeguard the company’s various types of legal property: Trademark, copyrights and patents are important legal entities under the law that most companies consider as an asset. Another principle in business law is educating students on how to prevent the infringement on the company’s property especially its intellectual property.
Comply with government regulations: The government has put in place different legal frameworks that govern businesses. Business law helps the students understand how to follow such regulations in order not to encounter penalties.
Manage risk: Business are exposed to several different risks, one of which is the legal risks. Business law equip the learners with the necessary understanding on how to handle such risks.

The entry requirements are mentioned below:

12 standard- 65%

• Applicants must have passed one of the following:
  • All Indian Secondary School Certificate (AISSC) or Indian School Certificate (ISC) with minimum of 65% average in the best four subjects
  • Minimum 70% average in the best four subjects for the following State Board Secondary Education exit awards:
    • Intermediate Certificate from the Andhra Pradesh Board of Intermediate Education
    • Pre University Certificate from the Karnataka Board of Pre-University Education
    • Higher Secondary certificate form the Maharashtra State Board of Secondary and Higher Secondary Education
    • Higher Secondary certificate from the Tamil Nadu Board of Higher Secondary Education

There are several prestigious colleges in India that offer excellent law programs. However, opinion on the best college may vary depending on individual preference and priorities. Here are some of the top Business law colleges in India based on various rankings and industry perception:

1. National Law School of India University (NLSIU), Bangalore

2. National Law University, Delhi (NLUD)

3. National Academy of Legal Studies and Research (NALSAR) University of Law, Hyderabad

4. West Bengal National University of Juridical Sciences (NUJS), Kolkata

5. National Law University, Jodhpur (NLUJ)

6. Gujarat National Law University (GNLU), Gandhinagar

7. Rajiv Gandhi National University of Law (RGNUL), Patiala

8. National Law Institute University (NLIU), Bhopal

9. Symbiosis Law School (SLS), Pune

10. Jindal Global Law School (JGLS), Sonipat

These colleges are known for their academic rigour, experienced faculty, research contribution, and overall reputation in the legal community. It is important to thoroughly research and consider various factors such as faculty expertise, specialisationoptions, infrastructure, internship and placement opportunities, location, and personal preference while choosing a law college that suits your aspirations and goals. It is also advisable to visit the college website, attend admission counseling sessions, and interact with current students or alumni to gain insights into the college culture and learning environment.