Business Law

Business Law is a set of policies that standardize an individuals’ demeanor and business within the society. Businesses have been regulated by the United States Constitution since after the independence in the late 70s and those regulations are governed by the federal government. The purposes of the regulations are to keep peace the in workplace and to shape the moral standards and preventing the forceful issues in the bureaus’ environment. However, have the constitutional rights had any effect on businesses? Each organization has the responsibility to respect individuals’ rights in his or her operation, which is the reason many organizations have implemented a code of conduct. A code of conduct can be used to represent the policies and procedures set within the organization and employees. In this essay, the writer will elaborate on certain policies that have been implemented in Oldcastle Architecture organization. Oldcastle has recognized the legal system and has used these guidelines in order to protect the company’s rights.

Law occupies an imperative function in the accomplishment of business operations. Oldcastle, Inc. is a wholly-owned subsidiary of CRH, which is committed to being an ethical and responsible member of the business community in which it operates. Oldcastle has guidelines being set as a broad standard for each operational division. Oldcastle’s employees have to abide by particular laws and practices applicable to his or her industry or required by the states in which each division operates within. Each corporation has a code of conduct that intends to provide as a general guide to all areas of business activities. Possible problems of conduct could occur leading to employees being expected to abide by the company’s guidelines to keep order and peace within the workplace environment. Oldcastle’s code guidelines reflect the company’s policy that may, in many instances, be more rigorous in the law. Any infraction of applicable laws, ethical standards or the company's internal policies will subject the violator to disciplinary action, to include reprimand, probation, suspension, and reduction in salary, demotion or dismissal as determined by the company in its sole judgment and by applicable law. Each employee must be familiar with the laws affecting his or her responsibilities and to have a working knowledge of permissible activities involved in his or her work. The organization expects the guidelines in Oldcastle’s code of conduct to be applicable in departmental manuals and company policies to be followed.

Oldcastle has expressed concerns about the antitrust laws. The antitrust laws were created to insure a free and open marketplace. The company benefits from an open marketplace that permits vigorous competition on the merits of the company’s products and services. It is important to comply with applicable antitrust laws and to avoid conduct and business practices, including written language contained in agreements, that could be misinterpreted to suggest an attempt to dominate a market or foreclose competition, or that may suggest that any organization have agreements or understandings with competitors that restrict competition. Violations of the antitrust laws can result in termination of employment, significant personal monetary fines and imprisonment.

A number of federal and state laws govern an entities dealing