Business Law (also referred to as Commercial Law) governs the transactions between businesses. This includes business formation; litigation; contracts; mergers and acquisitions; commercial leasing; and consumer protection. Business law deals primarily with the definition of rights and responsibilities, as opposed to the enforcement of laws. Business law and commercial law encompass several overlapping issues. The Uniform Commercial Code (UCC) is the primary governing authority for commercial transactions.
- Uniform Commercial Code (sale of goods, promissory notes and other negotiable instruments, letters of credit and security interests)
- Litigation, including supplementary proceedings
- Corporations, limited liability companies and other business entities
- Commercial litigation (including foreclosures, replevins, prejudgment remedies, attachments and so on)
- Bylaws, Operating Agreement, Stockholder Agreements