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== Business Law - Lesson 2 - Compensation law, product liability == * '''Compensation law''' :* In law, '''[[w:Damages|Damages]]''' ( [[w:fi:vahingonkorvaus]] ) are an award, typically of money, to be paid to a person as compensation for loss or injury;. ( Wikipedia ) * '''[[w:Product liability]]''' ( [[w:fi:Tuotevastuu]] ) is the area of law in which manufacturers, distributors, suppliers, retailers, and others who make products available to the public are held responsible for the injuries those products cause. ( Wikipedia ) *'''Consumer complaint''' ( [[w:fi:Reklamaatio]] ) *'''[[w:Contract|Contract]]s''' ( [[w:fi:Sopimus]] ) ( See course '''[[#Business Negotiations and Contracts|Business Negotiations and Contracts]]''' for keys ) ::* Both verbal and written are [[w:legally binding]] ::* '''[[w:breach of contract|breach of contract]]''' ( sopimusrikko, sopimusrikkomus ) can land you and your business in [[w:court|court]]. *'''[[w:Liability|Liability]]''' ( sitoumus, vastuu ) ( '''Obs.''' [[w:Liability (financial accounting)]] and '''[[w:Legal liability]]''' are two distinct things. ) *'''[[w:limited liability|Limitation of liabilities]]''' or full liability *'''[[w:Force majeure]]''' ( [[w:fi:Force majeure]] ) is a common clause in contracts that essentially frees both parties from liability or obligation when an extraordinary event or circumstance beyond the control of the parties, such as a war, strike, riot, crime, or an event described by the legal term act of God (such as hurricane, flooding, earthquake, volcanic eruption, etc.), prevents one or both parties from fulfilling their obligations under the contract. ( Wikipedia ) *'''[[w:Legal burden of proof]]''' ( [[w:fi:Todistustaakka oikeustieteessä]] ) and reverse legal burden of proof when there is a contract *''' [[w:Non-disclosure agreement]] ( NDA )''' ( [[w:fi:Salassapitosopimus]] ) ( Maximum 1 yr for workers and 2 yrs for businesses ) ( Teacher ) *'''[[w:Non-compete clause]] ( NCC )''' ( [[w:fi:Kilpailukieltosopimus]] ) Making a contract: :#) Preparatory stage :#) Contract period :#) End of contract *'''[[w:Standard form contract]]''' ( [[w:fi:Vakiosopimus]] ) aka. boilerplate contract :::[[w:Boilerplate (text)]] is any text that is or can be reused in new contexts or applications without being changed much from the original. ( Wikipedia ) '''Protecting [[w:intellectual property]]'''( [[w:fi:Immateriaalioikeus]] ) : #) A '''[[w:patent|patent]]''' (/ˈpætənt/ or /ˈpeɪtənt/) ( [[w:fi:Patentti]] ) is a form of '''[[w:intellectual property|intellectual property]]'''. It consists of a set of '''[[w:exclusive right]]s''' granted by a [[w:sovereign state]] to an inventor or their assignee for a limited period of time, in exchange for the public disclosure of the invention. #) An '''[[w:Utility model]]''' ( small patent )( [[w:fi:Hyödyllisyysmalli]] ) #) A '''[[w:trademark]]''' ( [[w:fi:Tavaramerkki]] ) is a recognizable sign, design or expression which identifies products or services of a particular source from those of others. ( Wikipedia )
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