According to the Law Practice Doctor, business law serves to maintain order among businesses, brands, and companies alike. They protect the rights of the company, and of the people who work there, as well as help to establish a certain standard for how things should be run. Hence, you can be in better control of the agreements you sign when you understand the conversations of business law.
What Are Business Law Classes?
Business law looks at all of the laws that discuss how to form and run a business effectively. This includes all the laws that govern how to start, buy, manage and close, or sell any type of business. Business laws establish the rules that all businesses should follow. Business law classes are learning environments for those with an interest in business law. These environments could be virtual or physical environments dependent on the learning model the interested participant is comfortable with.
Can I Take Business Law Classes Online?
You can get lots of discouragement when you want to begin online learning citing that it has a lot of limitations, especially the lack of a physical contact point. You should never listen to these sentiments that aren’t supported by any facts. Online learning has strongly increased the interest to learn among people because of the flexibility it offers. And you can learn business law online by enrolling on any of the amazing free business law classes online cited here.
Why Take Business Law Classes Online?
Business law is an ever-expanding scope. With more governmental regulations coming up in line with products, it’s vital to understand these laws so you don’t burn a large part of your money on an uneventful business. When you learn business law traditionally, you will only get to learn about the laws that limit your business in an area and not on a global scale. Hence, your products and services will continue to draw local attraction. To avoid this, you need to take up your business law classes online. In the online space, you will get to learn about international business law. Furthermore, you will know certain minor tweaks that can help you maintain your model.
12 Best Free Business Law Classes Online in 2022
There are a lot of business law classes online for interested participants, but many of them have extremely high premium charges. These classes listed here are all free and they include:
1. Intellectual Property Law and Policy: Part 1
Hitting on core areas of commercial and artistic activity, intellectual property (IP) law is a vital part of modern society. In this course, Part 1 of a two-part series, you will get to see a broad overview of the intellectual property laws, the theories holding this area of law, and an individual look at patent law. The focus of this two-part series is mastering some of the seminal legal cases in each area while putting into consideration the policy implications of the law as it stands. You don’t require any experience in law to be part of this amazing program.
2. Intellectual Property Law and Policy: Part 2
In this course, Part 2 of a two-part series, you will consider the modern realities and debates of copyright and trademark laws, and then investigate alternatives to intellectual property and the future of this interesting area of the law. The focus of this two-part series is on mastering some of the seminal legal cases in each area while putting into consideration the policy implications of the law today.
3. Media Law
Understanding media law is essentials for professionals in the creative and design fields. This course discusses an interesting aspect of topics and models, such as privacy and art, the Digital Millennium Copyright Act, Open Source public license, Creative Commons, Digital Rights Management, and working meanings of Fair Use and the practical limits of sampling/mixing in different idioms and economic sectors. With all the interesting lessons embedded in this course, it is one of the best business law classes you can find.
4. Foundations of Central Bank Law
This online course, presented by the IMF Institute and the IMF Legal Department, gives you knowledge about the foundations of central bank law. The course accommodates the legal issues that are necessary to support sound and effective central banks. It attends to the legal underpinnings of the mandate, decision-making structures, autonomy, accountability, transparency, and operations of central banks. This course combines theoretical components with practical exercises on how to analyze and design central bank legal frameworks making them one of the best free business law classes online.
5. Contract Law: From Trust to Promise to Contract
Each day, you face contracts and even sign many on websites and in other places. Knowing the principles of contracts is not just a skill needed by lawyers, it gives light for everyone a vital institution that we use all the time and generally take for granted. This contract law course is structured to delve into a range of issues that arise when entering and enforcing contracts. It will provide an introduction to what a contract is and also analyze the purpose and significance of contracts.
6. CS50’s Computer Science for Lawyers
This course is a variant of Harvard University’s introduction to computer science, CS50, designed especially for lawyers (and law students). Through a great combination of technical instruction and discussion of case studies, this course allows students contribute massively to technology-driven conversations. In addition, it gets students ready to formulate technology-informed legal arguments and opinions. Indeed, it is one of the best free business law classes online.
7. Taxes and Decision Making
This is one of the best business law classes to help you build your accounting foundation on U.S. federal income taxation. You’ll master the taxation of both businesses and individuals. Added to income tax laws, you’ll learn how to reduce the present value of income taxes. Topics will involve tax planning strategies, qualified business income deduction, tax compliance, and a whole lot more.
8. Navigating Legal & Commercial Aspects of Sports
The world of sports is very exciting and engaging. The spirit of competition, the possibility of a winner, and the recognition of perseverance and dedication motivate people to watch and even participate as athletes. This course will let you know the basic principles and guidelines to understand sports law. You will explore the fundamentals of sports law: the contracts involved, with associated liabilities, as well as non-contractual liabilities. As you go in the course, you will consider labour rights and environmental, health and safety factors and examine ethics, anti-corruption and dispute resolution. Indeed, it is one of the best free business law classes online.
9. Applied Business Negotiations
This is a seven-week course wherein you’ll work collaboratively in small teams to work through obstacles and challenges and structure out a deal that is highly beneficial to all parties of negotiation. As you go through this course, you will discover the legal, business, social, ethical, and political issues that can come up in the midst of a complex transaction. And you will become a better negotiator with a stronger understanding of how to achieve mutually beneficial results for both sides.
10. Culture and Law: The East Asian Perspective
In most Western cultures, personal identification is dependent on the individual, but in East Asia, the family registry system is the standard format used to identify individuals. In this course, you will address all three themes. You’ll start with identifying how Confucian moral and legal reasoning has evolved and the unique aspect of the role of apology in East Asia. The course also acknowledges the notion of Legal Orientalism and argues against the theory by presenting cases related to the advanced notion of anticipatory repudiation in China, a transfer pricing case in Japan, and Inter-Korea business law in Korea. Hence, it is an exceptional free business law class.
11. European Business Law Specialization
The European Union is one of the world’s largest and most important economies. This specialization is a 3-course bundle that will teach learners the fundamentals of European Business Law. In the first course, Understanding the Fundamentals, you will examine the vital structures of the European Union and the core sources of law. This will include having an ability to understand relevant laws and regulations regarding the internal European Union market, understand how to apply the fundamental principles within the European Union legal framework and utilize the rules of freedom of movement and their impacts in the European Union.
12. Financial Markets
This is an overview of the ideas, methods, and institutions that allow human society to manage risks and foster enterprise with a strong emphasis placed on financially-savvy leadership skills using the description of practices today and analysis of prospects for the future. This course forms a perfect introduction to risk management and behavioral finance principles to understand the real-world functioning of securities, insurance, and banking industries. The goal of this course is to use such industries effectively and towards a better society. The purposes and functions of business law are maintaining order, protecting rights and liberties, establishing standards, and resolving disputes in businesses and their interactions with individuals, government agencies, and other businesses. Law is divided into four broad categories. These types of law are tort law, contract law, property law, and criminal law. No. Law is not an easy course to study as it is captured as one of the toughest degrees to attain. Yes, lawyers make enough income to be classified as rich.
Conclusion
Business law ensures that people don’t cross limitations and remain true to the right standards in doing business. Furthermore, it introduces materials such as contractual documentation that prove the legitimacy of a business. In learning business laws, many models are a great fit but online learning classes are bigger than all of them. These classes offer you flexible timelines while giving you the needed knowledge to execute business transactions.
