The New Youth Entrepreneur curriculum is a series of 12 youth-oriented educational modules containing instructional materials, learning activities, and checkup exercises designed to teach students key elements of entrepreneurship. This document is the tenth module, and examines laws governing the operation of small businesses. Following introductory materials on the importance of understanding business regulations, the first three sections discuss contracts, describing the three elements necessary for the existence of a contract (i.e., an offer, a consideration, and an agreement), characteristics of and differences between oral and written contracts, and special conditions for minors entering contracts. The fourth section reviews necessary legal paperwork, including registering the business and tax forms, while the fifth section focuses on issues related to determining whether licenses and permits are required. The final sections cover laws affecting the operation of a business, including building codes, health and safety laws, anti-discriminatory measures and wage laws, and tips on getting help from lawyers. (CELCEE, an Adjunct ERIC Clearinghouse on Entrepreneurship Education) (MAB)