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Employment Law
Labor

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Business Law: General
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Business Law: Antitrust & Trade Regulation
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Business Law: Art Law
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Business Law: Commercial Transactions & Licensing
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Business Law: Employee Benefits
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Business Law: Estate Planning
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Business Law: Finance: Banking & Bankruptcy
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Business Law: Finance: Capital Markets, Financial Reporting, Corporate Governance
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Business Law: International
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Business Law: Media, Entertainment, Sports
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Business Law: Mergers & Acquisitions
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Business Law: Real Estate
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Business Law: Tax Law
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Business Law: Venture/Entrepreneurship
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Path " Civil Rights/Liberties : General does not include this course.
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Criminal Law: General
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Criminal Law: International Criminal Law & Immigration Law
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Criminal Law: White Collar Crime
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Education Law: General
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Employment Law: General
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Employment Law: Employee Benefits
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Employment Law: Labor
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Environmental Law: General
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Environmental Law: Clean Tech
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Environmental Law: Conservation & Natural Resources
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Environmental Law: Energy & Climate Change
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Environmental Law: International
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Environmental Law: Pollution/Harms to Public Health
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Health Law: General
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Path " Health Law : Health Care Reform does not include this course.
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Health Law: Health Care Providers
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Health Law: Life Science Research Institutions & Companies
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Intellectual Property: General
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Intellectual Property: Computer Software
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Intellectual Property: Copyright Law
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Intellectual Property: Cyberlaw & the Internet
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Intellectual Property: IT/Electronics
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Intellectual Property: Media, Entertainment, Sports
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Intellectual Property: Life Sciences/ Biotechnology
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Intellectual Property: Patent Law
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Intellectual Property: Trademark/Trade Secrets Law
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International Law: General
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International Law: International Trade
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Path " International Law : Public International Law does not include this course.
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Litigation/ADR: General
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Path " Litigation/ADR : Family Law/Trust & Estate Litigation does not include this course.
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Litigation/ADR: Tort Litigation
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Public Interest Law: General
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Public Interest Law: Non-Profits
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Path " Public Interest Law : Direct Legal Services does not include this course.
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LAW 242

Corporations

Law School

Recommended for route(s):

[ Academia ] [ Litigation ] [ Regulatory & Policy ] Employment Law: Labor

Why it is relevant for ...

[ Academia ] [ Litigation ] [ Regulatory & Policy ] as a Foundational Course : For students interested in labor law, a basic understanding of business principles is key. Attorneys should have some understanding of business management and business law and a basic understanding of how corporate entities in a large enterprise can be liable for certain policies or behavior. This course is useful for developing some understanding about corporate structure and corporate control issues. It covers certain basic rules and legal principles regarding business enterprises, including the relations among managers, investors, and creditors.

General course Description:

This course is an introduction to the basic legal rules and principles governing the relations among managers, investors, and creditors in the business enterprise. The course is the foundation for advanced business courses. We focus on problems that arise because a firm's managers and owners have conflicting interests. We examine the costs associated with this conflict and how markets, legal rules and contracts might reduce them. Agency and partnership law are covered briefly, but we emphasize the financing, control, and conflicts of publicly held corporations. Special Instructions: Exposure to Quantitative Methods: Finance (Law 467) and Quantitative Methods: Statistical Inference (Law 468) will be helpful in this course and for a number of advanced courses in the law and business concentration and is strongly recommended.

Course Style: A Substantive/Statutory course deals with law, theory, and policy in the context of a particular code or statutory scheme.

Course Frequency: Offered twice a year

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