Maricopa Community Colleges  EPS272   19966-20086 
Official Course Description: MCCCD Approval: 07/22/08
EPS272 19966-20086 LEC 1 Credit(s) 1 Period(s)
New Venture Law
Legal and practical aspects of a new business venture. Includes legal aspects of organizational forms, the uniform commercial code, personnel policy, contracts, banking relations, bankruptcy, and protection of inventions, ideas, and trade names.
Prerequisites: None.
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MCCCD Official Course Competencies:
 
EPS272   19966-20086 New Venture Law
1. Explain the legal advantages and disadvantages of the various types of organizational forms. (I)
2. Define the rights and obligations of partners. (I)
3. Compare and contrast the rights and obligations of directors, officers, and shareholders with other corporate employees. (I)
4. Explain the importance of the Uniform Commercial Code to entrepreneurs. (II)
5. Explain the role of contracts in business and the obligations of the parties involved. (II)
6. Explain how to determine if a contract has been formed, performed, or breached. (II)
7. Describe the major legal concerns related to personnel policy and employee rights. (III)
8. Identify and explain the major protections under the law concerning ideas, inventions, and trade names. (IV)
9. Explain the bank collection process. (V)
10. Compare and contrast the bankruptcy process for an individual with that for a business. (VI)
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MCCCD Official Course Outline:
 
EPS272   19966-20086 New Venture Law
    I. Organizational Forms
        A. Advantages and disadvantages of variety of organizational forms
        B. Rights and obligations of owners
      II. Uniform Commercial Code
          A. Purpose of the uniform commercial code
          B. Role of contracts in business
        III. Legal Concerns of Personnel Policy
          IV. Protection of Ideas, Inventions and Trade Names
            V. Bank Deposits and Collections
                A. Bank collection process
                B. Legal relationship with customers
              VI. Bankruptcy
                  A. The Bankruptcy Reform Act
                  B. Chapter 13 Repayment Plan
                  C. Chapter 11 Reorganization
                  D. Individual vs. business
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