Legal Environment In Businesses

What is the legal environment in which business operates today? My immediate thought when I first read this question was, without regard to the “environment”, they operate very carefully. Businesses today are taking great precautions to protect themselves from other businesses, customers, consumers, and State & Federal regulatory agencies. We find ourselves working and living in a litigious society gone a wry. This may seem a bit cynical, but my experience in the MBA program thus far, the information I have learned in this class and my own experience has led me to this conclusion. We as MBA students and prospective business owners must prepare ourselves for this legally challenging environment.
Business-to-business transactions require extensive legal expertise. Businesses incorporated today, and companies that incorporated years ago, are finding themselves hiring lawyers for the simplest of business transactions. In my work experience, we have had many agreements that ...