The management of whatever scale and nature of business has to be minded about the legal aspects in respect of the operation of the business.
Several legal concepts are particularly relevant to technology oriented enterprises, such as Internet platform solutions providers, supplier of proprietary contents. A valuable part of the business of a technology enterprise is based on its intellectual capital. Intellectual capital is characterised by its intangible nature. Protection of such intellectual capital requires a clear understanding of various trade or business protection concepts. These concepts are like exclusive dealings, exclusive rights underlying exclusivity and matters on business arrangement like franchising.