Business LawEssay Preview: Business LawReport this essayBusiness Law is a set of policies that standardize an individuals’ demeanor and business within the society. Businesses have been regulated by the United States Constitution since after the independence in the late 70s and those regulations are governed by the federal government. The purposes of the regulations are to keep peace the in workplace and to shape the moral standards and preventing the forceful issues in the bureaus’ environment. However, have the constitutional rights had any effect on businesses? Each organization has the responsibility to respect individuals’ rights in his or her operation, which is the reason many organizations have implemented a code of conduct. A code of conduct can be used to represent the policies and procedures set within the organization and employees. In this essay, the writer will elaborate on certain policies that have been implemented in Oldcastle Architecture organization. Oldcastle has recognized the legal system and has used these guidelines in order to protect the company’s rights.
Law occupies an imperative function in the accomplishment of business operations. Oldcastle, Inc. is a wholly-owned subsidiary of CRH, which is committed to being an ethical and responsible member of the business community in which it operates. Oldcastle has guidelines being set as a broad standard for each operational division. Oldcastle’s employees have to abide by particular laws and practices applicable to his or her industry or required by the states in which each division operates within. Each corporation has a code of conduct that intends to provide as a general guide to all areas of business activities. Possible problems of conduct could occur leading to employees being expected to abide by the company’s guidelines to keep order and peace within the workplace environment. Oldcastle’s code guidelines reflect the company’s policy that may, in many instances, be more rigorous in the law. Any infraction of applicable laws, ethical standards or the companys internal policies will subject the violator to disciplinary action, to include reprimand, probation, suspension, and reduction in salary, demotion or dismissal as determined by the company in its sole judgment and by applicable law. Each employee must be familiar with the laws affecting his or her responsibilities and to have a working knowledge of permissible activities involved in his or her work. The organization expects the guidelines in Oldcastle’s code of conduct to be applicable in departmental manuals and company policies to be followed.
Oldcastle has expressed concerns about the antitrust laws. The antitrust laws were created to insure a free and open marketplace. The company benefits from an open marketplace that permits vigorous competition on the merits of the company’s products and services. It is important to comply with applicable antitrust laws and to avoid conduct and business practices, including written language contained in agreements, that could be misinterpreted to suggest an attempt to dominate a market or foreclose competition, or that may suggest that any organization have agreements or understandings with competitors that restrict competition. Violations of the antitrust laws can result in termination of employment, significant personal monetary fines and imprisonment.
• Article VI: Regulatory, Regulatory and Related Matters
The Regulatory and Related Matters Section of S. 1099 contains provisions for rules to ensure that the market is free of anticompetitive actions, and for the establishment of a process for the collection of anticompetitive fees, including, where appropriate, the filing of a complaint. In addition, the Company has developed rules to address a wide range of regulatory, regulatory and related matters. The Company provides for public comment on the issues at the following meeting.
• Section 5: Enforcement and Enforcement Provisions
The Enforcement Section of S. 1099 contains provisions for the imposition of fines and penalties for violations of the Consumer Fraud Act and Title VII. These measures include, where appropriate; the imposition of penalties for unmet obligations by noncompliance; and violations of the Enforcement Enforcement Policy. The Company will pay a set amount for violations and recover any necessary and reasonable costs to the extent determined necessary by the applicable regulatory authorities. The penalty system will also include a reporting requirement for violations.
• Sections 6 and 7: Crediting The Complying with Federal or State Laws: The Company and its suppliers comply with Federal or State laws as required by the laws of the nation or state that require their suppliers to satisfy laws. (See http://www.s-net.org/law.pp) For example, suppliers that provide products that are found without warranty may consider other suppliers to be less than fair and appropriate in making an effort to provide assistance with their products or services, subject to both requirements. The Company will submit to the appropriate regulatory authorities in each State for an independent report containing all data collected and required by law for any and all products offered. The Complying with Federal or State laws must include detailed information on all products offered, or a copy of any report required by applicable law. The Company will also submit to Congress a report containing information concerning all products sold by suppliers in each State, the information it received on request, and the status of such information, which is available only through its supply chain.
The Complying with Federal or State laws will be reviewed before a rule is issued that may affect the conduct of the Company in the State that it provides products or services in.
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Crediting State Laws That Do Not Require a Complying With Federal or State Laws.–The Company will be required of suppliers in such circumstances to comply with Federal or State laws governing products, services, manufacturers, and the like that are consistent with the fair and appropriate conduct of the industry or contain language that would limit the applicability of the law for purposes of this section. In such circumstances, the Complying with Federal or State laws will be reviewed against such applicable laws under the jurisdiction of the Federal Trade Commission under section 12(3). The Company will not permit either company to enter into a written agreement with the applicable law governing the products or services offered or that the Company is required to file with that government regarding such product or service in accordance with section 12.
Crediting State Laws That Do Not Require
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