Name: Learn Business English ESL Vocabulary: Commercial Law, 1
Uploaded: 2020-07-03T02:41:57.000Z
Duration: 7 min 17 s
Description: Thousands of YouTube videos with English-Chinese subtitles! Now you can learn to understand native speakers, expand your vocabulary, and improve your pronunciation...

English pod dot com Video vocab 06 Commercial law.

Hello and welcome back to business English Pod for the final part in our three part series on the law and legal vocabulary.

Today we're going to be covering some of the common legal terms used in commercial law before we get started.

Let's check what you've remembered from the last show on court cases.

Okay, let's start with a couple of easy ones.

What's the name for a lawyer in British English?

To what do we call a person who is testifying in a court case?

When the jury retires, what verb do we use to describe their discussion of the case?

And finally, for how do we spell jail in British English?

The answer to number two a person who provides testimony in a court case, is called a witness Question Number three.

When the jury retires, we say that they will deliberate the case and lastly, four how to our British friends spell jail G a o L.

But remember, it's pronounced the same as the American Word Jail.

All right, let's move on to today's topic.

We're going to begin by looking at the types of disputes that are covered under commercial law.

A dispute is a disagreement between two parties.

In commercial law, these parties are often to companies or a company and one of its employees.

The word party in legal language is used to refer to a person or people.

On one side of an argument or dispute parties to the dispute is a col occasion.

We used to refer to all sides in a legal argument or court case.

Contractual disputes are a common reason for disagreements between companies.

These air disputes, based on a disagreement over the terms of a contract, a contract refers to any agreement written or spoken that is enforceable by law and the terms of a contract are all the conditions that each side must fulfill.

In order to validate the contract, we can make a contract, break a contract and be under contract.

We can also use contract as a verb as in contract with another party, meaning to enter into a legal agreement.

Or we can contract work out meaning to arrange for work to be done by another company.

For example, to cut costs, many companies have contracting out business operations.

Contract law is the area of commercial law used to regulate contracts between individuals and companies to regulate just means to control or supervise something by means of rules or regulations.

Another area that we hear quite a lot about these days, especially with the popularity of YouTube and other online video and music sharing services, is copyright law and intellectual property rights, usually abbreviated to I p R.

Intellectual property is an original creative work or invention, such as a movie script or computer.

Software and rights are the ownership or permission to use a particular work.

We use the word piracy to describe the unauthorized use or reproduction of another's work.

Copyright is the exclusive legal right given to the creator or owner of a work to use the work to their benefit.

Exclusive rights means that only the owner has the right to use, perform or otherwise benefit from the work.

We also have many other types of rights, such as property rights.

These are the rights of property owners and people who buy release property.

These are the basic rights that society considers belong to every human being civil rights.

These are the rights of citizens to political and social freedom and equality.

Another area of law that comes under the umbrella of commercial law is labour law, sometimes referred to as employment law.

If you have a job, then you will most likely have an employment contract with your employer.

This basically states that you will work a certain number of hours, and in return your employer will pay you a salary and other benefits.

If a dispute arises between an employer and employee, the case will usually be heard under labour law rather than contract law.

 Legal disputes often arise when one party to a contract accuses the other party of violating the terms of the contract. 