Rules of Law

Talking to Lawyer Straus definitely answered many of my questions, and more than that, opened my mind about what is needed to open a photography business. The three main things we talked about were contracts, law as a whole and how just starting a business is not enough. “Two parties make a contract, and their rights and obligations are subject to the rules that we have already studied: offer and acceptance, consideration, legality, and so forth.” (Cengage Advantage Books: Introduction to Business Law page 186). Contracts are present to defend the business and the client at the same time. “We depend upon the law to give us a stable nation and economy, a fair society, a safe place to live and work. But while law is a vital tool for crafting the society we want, there are no easy answers about how to create it. In a democracy, we all participate in the crafting. Legal rules control us, yet we create them.” (Cengage Advantage Books: Introduction to Business Law page 12). Law is basically enforced by ourselves, yes breaking the law does get us in troubles but the main reason why a business wants to play by the law is because it would damage the business if they did and it will completely cut out the income in that way. “The process of starting a business is immensely time-consuming. Not surprisingly, entrepreneurs are sometimes reluctant to spend their valuable time on legal issues that, after all, do not contribute directly to the bottom line.” (Cengage Advantage Books: Introduction to Business Law page 388). And the main thing of a business is costumer service, without costumers there is no business, costumer service should be treated just like the law.