The system of rules which a particular country or community recognizes as regulating the actions of its members and which it may enforce by the imposition of penalties. The position of a legal consultant is straightforward but flexible. Some of the shifts in environment and responsibilities associated with the transition may be obvious, but the changes are somewhat based on the circumstances.
2. Definition of law
Law is a system of rules that are created and enforced through social or governmental
institutions to regulate behaviour.
Law is a system that regulates and ensures that individuals or a community adhere to
the will of the state.
The law shapes politics, economics, history and society in various ways and serves as a
mediator of relations between people.
Law provides a source of scholarly inquiry into legal history, philosophy, economic
analysis and sociology.
3. Advantages of laws
Protection against violence
Getting rid of child labor
Promoting common good
Protection of property
Progression of society
4. Types of laws
Civil law
Maritime law
Commercial law
Property law
Insurance law
Banking and finance law etc
5. Civil law
Civil law is a legal system originating in Europe, intellectualized within the framework
of Roman law.
Civil law is the group of legal ideas and systems ultimately derived from the Corpus
Juris Civilis.
Civil law proceeds from abstractions, formulates general principles, and
distinguishes substantive rules from procedural rules.
Civil law is often paired with the inquisitorial system, but the terms are not synonymous.
Civil law is the non-criminal branch of law in a common law legal system
6. Maritime Law
Maritime law is also known as Admiralty law
Maritime law is a body of law that governs nautical issues and private maritime
disputes.
Maritime law - is a complete system of law, both public and private, substantive and
procedural, national and international, with its own courts and jurisdiction.
Maritime law is composed of two main parts - national maritime statutes and
international maritime conventions.
7. Commercial law
Commercial law, also known as trade law.
is the body of law that applies to the rights, relations, and conduct of persons and
businesses engaged in commerce, merchandising , trade, and sales
Commercial lawyers are solicitors who advise companies and governments on
business-related issues.
Commercial law focuses on the sale and distribution of goods, as well as financing of
certain transactions.
Commercial law is primarily regulated by the Uniform Commercial Code (UCC), which is
a model set of laws regarding the sales of goods, leases of good, negotiable
instruments, and secured transactions.
8. Property law
Property law is the area of law that governs the various forms
of ownership and tenancy in real property and in personal property, within
the common law legal system.
Property law deals with the relationships between and among members of a society
with respect to things.
The concept, idea or philosophy of property underlies all property law
There is a division between movable and immovable property
Movable property roughly corresponds to personal property, while immovable
property corresponds to real estate or real property, and the associated rights, and
obligations thereon.
9. Insurance law
Insurance law is the practice of law surrounding insurance, including insurance
policies and claims.
Insurance law can be broadly broken into three categories
regulation of the business of insurance
regulation of the content of insurance policies, especially with regard to consumer
policies
regulation of claim handling.
10. Banking and finance law
The banking and financial industries are heavily regulated by both state and federal
law.
These laws impose reporting requirements for banks and other financial institutions,
govern securities and other transactions, and regulate taxes.
Many people find they need legal help with banking and finance law when forming a
new business. There are many laws, contracts, and regulations that may dictate how
new business spend and account for investment funds.
That's why many small businesses and startups find they need to hire a lawyer from the
beginning to ensure compliance with all legal rules.