Ebio enterprise living map

Starting up work as a small business and earn money while you share with others and the processes and procedures are repeated many times. (16 credits)

Comply with legal requirements and understand a new legal venture.

Specific Outcome

Assessment criteria

Bridging the Gap

Ebio Competency Programme: Information and Examples

Organize and Review your competencies

Work with the Council of Many and Wise and stay within legal requirements and understand work, new venture and enterprise legalities with value of the Constitution applied.

MIT open courseware: Law for the entrepreneur and manager

MIT open courseware: Patents, Copyrights, and the Law of Intellectual Property

Lemelson-MIT Program: patenting and commercialization processes

SO 1

Describe the form of enterprise that is suitable for a small business.

AC 1.1

Describe sole traders, partnerships and closed corporations.

AC 1.2

Advantages and disadvantages of sole traders, partnerships and closed corporations are explained.

SO 2

Comply with legislation and rules, which regulate the business.

AC 2.1

Identify legal obligations of the organisation .

AC 2.2

Identify current legal documentation.

AC 2.3

Describe al documentation that complies with all statutory requirements.

AC 2.4

Select legal documentation that is appropriate.

AC 2.5

Complete relevant legal documentation.

SO 3

Use and interpret legal documentation to ensure compliance with legal and organisational requirements.

Non disclosure agreement

AC 3.1

Use current legal documentation that is appropriate and complies with all legal and statutory requirements.

AC 3.2

List and explain types of legal documentation and their uses.

AC 3.3

Identify legal obligations upon the organisation.

AC 3.4

Identify and interpret legal requirements and legislation governing business.

SO 4

Comply with legislation and rules, which regulate the conduct in a business.

AC 4.1

Correct documentation relating to marketing is used.

AC 4.2

Transaction documentation is correctly completed and contains all relevant information.

AC 4.3

Conditions contained in the transaction document comply with any legal or regulatory conditions applicable.

AC 4.4

Various acts and common law aspects are listed which are needed for compliance.

AC 4.5

Ethical obligations imposed on a marketing business are explained in terms of the code of conduct in respect of marketing laws.

SO 5

Apply the various aspects of law and statutory requirements applicable to transactions.

HAVE contract

AC 5.1

Know what legislation is applicable to business transactions in order to comply with.

AC 5.2

Describe and explain legislation applicable to business transactions.

AC 5.3

Draw up business transaction documents that comply with all legal and regulatory requirements.

AC 5.4

Use business terminology in all business transactions that comply with legal and organisational requirements.

AC 5.5

Consult with all stakeholders to avoid misrepresentation and to protect all parties involved.

AC 5.6

Where business transactions falls outside own level of authority or expertise, other advocates are used to provide technical assistance or to conduct the transaction.