Ext. Definitions - STEEPLE Legal Flashcards
Define copyright
Legal ownership of material such as music and films which prevents and protects these being copied by others
Define national minimum wage
Minimum pay per hour workers of school leaving age are entitled to by law and is reviewed yearly by the government. The rate for each age group in the UK is different.
Define national living wage
New minimum wage rate for those aged 25 or over.
Define trademark
A company can register a trademark for its business name, slogans, logos and other items that essentially brand the product or company/indicate the source of the good
Define contract law
A legally binding agreement between 2 or more parties
Define Weights and Measures Act
1985, ensures the correct labelling and indication of measurements on products
Define Data Protection Act
1998, is the control of personal information of employees and customers, any private details should be stored and held for lawful purposes. Held for limited time and kept securely.
Define Health and Safety Act
1974, ensure a safe working environment for employees
Define Smoking in the Workplace
2007, ban of smoking in work environments
Define Sales of Goods Act/Consumer Rights Act
- Goods must fit description
- Goods and services must be of satisfactory quality
- Goods must be fit for the purpose specified
2015, could be entitled to refund (until 30 days), repair or exchange
Up to 6 years could offer refund/partial refund, repair or replace
Define FCA
Financial Conduct Authority - regulating organisation, aim to make financial markets work well so that customers get a fair deal (protect customers, enhance market integrity, promote competition)
