Introduction to Business Law: Legal Systems and Contracts

This lecture provides an overview of practical business law, focusing on the legal system and the fundamentals of contracts. It begins with an introduction to the Swiss legal framework, including the separation of powers among the government, parliament, and judiciary. The instructor explains the nature of law as a set of rules governing social relationships, emphasizing the importance of rights and obligations. The lecture covers the hierarchy of legal rules, including international treaties, federal laws, and cantonal regulations. Key concepts such as public law, private law, and criminal law are discussed, highlighting their relevance to business law. The instructor also outlines the course structure, including examination formats and grading criteria, and encourages student participation through assignments and quizzes. The session concludes with a discussion on the significance of understanding legal principles in business contexts, preparing students for practical applications in their future careers.