Legal and business environment imply interface of law with business. As every business is supposed to comply with the regulations in force to create wealth, it is imperative on the part of those who run it to appreciate the issues pertaining to legality for both kinds of activities; run-of-the-mill and out-of-box. Needless to mention knowledge of legal aspects of business is crucial for all stakeholders of business including people working in different functional areas of management. Keeping this in mind, the present book, in its fourth edition now, has been designed to empower budding business managers to deal with legal issues, confronting their decisions. The book has been written from an Indian perspective to elaborate on the core concepts of business laws in a logical, concise, and yet illustrative manner. Landmark legal cases have been added to supplement and illustrate technical aspects of the subject matter. The basic principles of business law have been presented in an interesting and lively manner. Pedagogical features such as learning objectives, side-bars defining key terms, end-of-chapter summary, objective-type-questions, case-lets, review questions, and a comprehensive set of case studies (appended to the book) make the teaching and learning of business and corporate laws engaging.