Commercial law or business law is the body of law which governs business and commerce and is often considered to be a branch of civil law and deals both with issues of private law and public law. Commercial law regulates corporate contracts, hiring practices, and the manufacture and sales of consumer goods.
Different types
Here are some of the most common types of business law:
Employment Law. ...
Immigration Law. ...
Consumer Goods Sales. ...
Contract Drafting/Negotiations/Litigation. ...
Antitrust. ...
Intellectual Property. ...
Taxes. ...
Bankruptcy.
Importance
Business law serves as a way to maintain order among businesses, brands, and companies alike. They protect the rights of the company, and of the people who work there, as well as help to establish a certain standard for how things should be run.
Functions
The purposes and functions of business law include maintaining order, protecting rights and liberties, establishing standards, and resolving disputes when it comes to businesses and their interactions with individuals, government agencies, and other businesses.
Aspects
Business law consists of many different areas taught in the law school and business school curricula, including: Contracts, the law of Corporations and other Business Organizations, Securities Law, Intellectual Property etc.
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