Legal Foundations in Business: Key Factors Influencing Modern Practices
DOI:
https://doi.org/10.58840/v4qacf68Keywords:
Business Law, Legal Factors, Employment Law, Contract Law, Employment LawAbstract
The primary objective of this study is to explore how various legal factors influence business law in Canada. Although the involvement of businesses in facilitating legitimate legal changes remains limited, it has provided several insightful lessons. This research employed a quantitative approach to assess the impact of specific legal elements on the dynamics of business law within the region. For this purpose, the study considered four key legal dimensions as independent variables to analyze their effects on the overarching framework of business law, which serves as the dependent variable. These dimensions included employment law, contract law, company policies and regulations, and competition law. The research methodology involved distributing 115 surveys to participants, with a return of 102 completed forms. The data from these surveys were then analyzed using multiple regression analysis. The findings revealed that employment law, contract law, and competition law significantly and positively affect business law in Canada, indicating that these areas of legal practice are integral to shaping the business environment in the region.