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BLW 513 TRADE REGULATION AND INTELLECTUAL PROPERTY

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BLW 513 Lesson 7 – Trade Regulation and Intellectual Property

This lesson begins with an examination of one type of liability which can potentially affect your business: liability for trade practices, otherwise known as antitrust. In trying to gain a competitive advantage, our capitalist system is based on the idea that the market will determine the winner. However, in gaining that competitive advantage, goods or services must not unfairly compete with other like goods or services, or a business will run afoul of the antitrust laws. Failure to comply with these antitrust laws and regulations can result in liability for the business and decreased competition for consumers, leading to higher prices and less quality.

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