This book is meant for business leaders who wish to remain on the right side of the
law. It is essential in any jurisdiction, and much more in international business, to
understand the role of law in business. A business leader can neglect law only at his
and his company’s peril. It is foolhardy for any business leader to think that ‘law is
for lawyers’ and as a business person ‘why should I bother about law?’ Law in most
evolved jurisdictions is highly dynamic and it is expected of a business leader to
anticipate the changes which may take place and also to pro-actively make the best
efforts to mitigate the loss which may occur due to such changes. Better, he can try
to play a role in the law making—directly or indirectly—so that the changes are in
tune with the requirements of his business.
The book is written to understand, appreciate and make the best use of the legal
environment in which business is done. There are several questions which come to
the mind of a business leader vis-à-vis law. The book tries to answer these questions.
The first question is ‘as a business person, do I need to know law?’ and ends
with the understanding that ‘law is my friend, philosopher and guide’. In between,
the business leaders realises the value of contracts, intellectual property, dispute
resolution, role of government, etc.