posted a year ago
"Business law comes into play whenever businesses or organizations interact with one another. It covers everything from company formation and operation to business contracts, employment relationships, and property ownership. In short, business law regulates the rules of engagement for commerce and industry.
There are many different areas of business law, but some of the most common include:
- Contract law governs everything from negotiating and drafting contracts to enforce them if one party does not hold up their end of the bargain.
- Employment law: This covers issues like hiring, firing, wages and hours, employee benefits, and discrimination.
- Property law governs who can own what property, how it can be used, Etc."