Business Leadership and Law
This book discusses doing business and making profit on the right side of the law. It explores the role of aligning business and legal strategies, and using the law as a powerful tool in making businesses successful. In this unique book, the author draws
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Business Leadership and Law
Business Leadership and Law
Anurag K. Agarwal
Business Leadership and Law
123
Anurag K. Agarwal Indian Institute of Management Ahmedabad India
ISBN 978-81-322-3680-1 DOI 10.1007/978-81-322-3682-5
ISBN 978-81-322-3682-5
(eBook)
Library of Congress Control Number: 2016955923 © The Author(s) 2017 This work is subject to copyright. All rights are reserved by the Publisher, whether the whole or part of the material is concerned, specifically the rights of translation, reprinting, reuse of illustrations, recitation, broadcasting, reproduction on microfilms or in any other physical way, and transmission or information storage and retrieval, electronic adaptation, computer software, or by similar or dissimilar methodology now known or hereafter developed. The use of general descriptive names, registered names, trademarks, service marks, etc. in this publication does not imply, even in the absence of a specific statement, that such names are exempt from the relevant protective laws and regulations and therefore free for general use. The publisher, the authors and the editors are safe to assume that the advice and information in this book are believed to be true and accurate at the date of publication. Neither the publisher nor the authors or the editors give a warranty, express or implied, with respect to the material contained herein or for any errors or omissions that may have been made. Printed on acid-free paper This Springer imprint is published by Springer Nature The registered company is Springer (India) Pvt. Ltd. The registered company address is: 7th Floor, Vijaya Building, 17 Barakhamba Road, New Delhi 110 001, India
To My mother, Late Mrs. Bimla Devi Agarwal, An absolute positive thinker
Preface
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 resol
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