What is Business Law?

Business law refers to the laws and regulations relating to a business’ actions. These include the company’s responsibilities to partners, and shareholders, legalities involving how directors handle business matters, and breaches of contractual obligations within the business. If you’ve been on the receiving end of a business matter where you’ve been unfairly treated in accordance with the law, you might need help from a business lawyer. Here, we’ll discuss more about what business law is and the different areas of business law that exist.

What Does Business Law Involve?

Without business law, a company wouldn’t have a roadmap for proper functioning. These laws relate to agreements, contracts, and cases that go to trial in a court of law. The two main areas of business law are civil law and criminal law. Let’s look at both of these in turn.

  • Civil Law: These laws relate to matters surrounding civil rights and disputes to do with contracts, debts that have been accrued, and marriages.
  • Criminal law: Here, laws are put in place to protect against crimes that could be committed resulting a party being sued. Some examples of convictions include, but are not limited to, fraud and theft.

What Areas Does Business Law Cover?

The different areas that business law seeks to address and bring lawful action to include the following:

  • Employment law: A employer has the duty of ensuring that the area of work that they provide for working operations is safe and secure. Employees are required under their business contract to complete work responsibilities under the set schedules set out by the business.
  • Laws involving contractual obligations: Contracts bind the employer and employee and help to instill balance and functionality. These laws generally involve the rights and responsibilities that the workers and their employers share with each other.
  • Limited Liability Law: A Limited Liability, also known as an LLC, allows companies’ finances to be protected when undergoing business dealing and proceedings.
  • Intellectual Property Law: Intellectual property laws are effected so that a company can launch new products and services to the public without the manufacturer’s input in their ventures. Whether it involves designs, writing materials, or website creation, intellectual property laws are governed.

Business Lawyers in Phoenix, Arizona

When you’re in the Phoenix Arizona area and in need of a business lawyer, Enara Law is available for you. You can schedule your free consultation by heading over to their website¬†here.

Business law refers to the laws and regulations relating to a business’ actions. These include the company’s responsibilities to partners, and shareholders, legalities involving how directors handle business matters, and breaches of contractual obligations within the business. If you’ve been on the receiving end of a business matter where you’ve been unfairly treated in accordance with…