posted a year ago
There are several types of business law, each of which covers a specific business and trade area. Contract law, for example, governs the formation and performance of contracts, while property law deals with ownership and possession of the property. Businesses must also adhere to employment law, which covers everything from hiring and firing employees to wages and hours worked. Additionally, businesses must comply with taxes, licensing, and intellectual property laws. Depending on the business or industry, there may be other types of law that apply as well.