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Intense rivalry among existing firms can result in:
Substantive Law
The set of laws that governs how members of a society are to behave. It defines rights and responsibilities in civil law, and crimes and punishments in criminal law.
Private Law
The rules that govern our personal, social, and business relations, which are enforced by one person’s suing another in a private or civil action
Procedural Law
The law determining how the substantive laws will be enforced, including the rules governing arrest and criminal investigation, or pre-trial and court processes in both criminal and civil cases.
Roman Civil Law
The law of the Roman Empire, from which the common law drew its concepts of property and possessions.
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