Business Law

Abstract

This article discusses the body of statutes, regulations, and case law governing transactions for economic gain among individuals, corporations, partnerships, and other forms of business entities. The laws governing business can be broken down into several basic categories: contracts; agency; employment law; forms of business entities; commercial laws governing the sale of goods, negotiable instruments, and secured lending transactions; product liability; and intellectual property. Other laws affecting the legal environment in which businesses operate are addressed as well, including antitrust and competition law, environmental law, consumer protection laws, regulations governing banking and the offer and sale of securities, and bankruptcy law.