What is Business Law?

Although no singular accepted technical business law definition exists, the term is typically associated with a broad scope of legal areas integrated with business operations. The field of business law generally includes constitutional and legal standards as well as administrative guidelines. These regulations are imposed by various governmental agencies, including both the federal and state levels. For example, the federal government sets a minimum wage that all employers across the country must adhere to.

Key components of business law courses are business ethics, employment and business contracts, business structures and applicable regulations, commercial business law and information pertaining to bankruptcy, financing, and security issuance. Because the field has such a broad scope, most business law courses will cover either the fundamental components or have a specialized focus. Focused areas of business law include contract law, business ethics, business finance, human resource law courses, and many more.

Business law guidelines and courses improve the safety and fairness of business operations for companies, employees, and customers. There are regulations in place to prevent businesses from mistreating employees, companies committing fraud, managers participating in corrupt activities, and countless other possible occurrences. Business law guidelines have continued to develop as businesses and the economy have changed over time.

Having a basic understanding of business law and its relevant guidelines can greatly improve the efficiency and success of any business. Employees, managers, students, and educators are all better able to assist their place of work when they have some knowledge of what is and is not permitted. Business law is also beneficial to anyone who might start their own business, as a part of fundamental business law courses is dedicated to the types of businesses as well as related guidelines and financing options.

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Business Law Topics

Antitrust Law

Learn the definition of the antitrust law and learn what the three major antitrust laws are. Understand what antitrust laws prohibit and see antitrust laws examples.

Bankruptcy

Study an overview of bankruptcy. Learn the bankruptcy definition and understand the process of how to file for bankruptcy. Review bankruptcy law in the U.S.

Commercial law

Learn about commercial law, or trade law, and understand how it works. See the branches of commercial law and study commercial law examples and explanations.

Consumer protection law

Learn about consumer protection law. Understand what consumer protection, consumer law, and consumer protection law are. Also, see an example of consumer protection.

Contract law

Learn the contract definition and contract law definition. See the different types of contract law, the types of terms commonly seen in contracts, and contract law examples.

Copyright Law

Learn about copyright law and see examples of works protected by copyright. See the importance of the Copyright Act and benefits of copyright registration.

Corporate Tax

Learn about corporate tax and understand how corporate taxes work. Study the types of corporate taxes and understand how the corporate tax rate is calculated.

Corporate law

Study what corporate law is. Learn the definition of corporate law, read about different types of corporate law, and learn about what corporate lawyers do.

Environmental Law

Learn about United States environmental law. Study the principles of environmental protection laws, view a timeline of environmental laws, and find examples of environmental regulations and policies.

Financial law

Learn about financial law and its purpose. Understand the various components of banking and finance law. Explore examples of law in finance and its importance.

Financial regulation

Learn about financial regulations and understand how they work. Explore the role of a financial regulator and study examples of financial laws and regulations.

Insurance law

Explore the history of insurance law. Learn the definition of insurance law and understand the regulations it includes. See the main principles of insurance.

Intellectual property law

This lesson will teach the definition of intellectual property and the 4 types of intellectual property that can be registered and protected. The lesson will explore what is involved in intellectual property law, and provide some common examples of the 4 types of intellectual property.

International trade law

Explore the world of international trade. Discover the significance of trade regulations and read practical examples of international trade laws and regulations.

Joint ventures

Explore and learn the definition of joint ventures. Understand their various types, discover examples of joint ventures, and learn why they are formed.

Labor Law

Learn the labor law definition and understand how it is implemented in the workplace. Explore the importance of employment laws and study labor law examples.

Law of Agency

Learn the definition of law of agency and understand how it is used. Explore how agency law works, study the agency relationship and authority, and see examples.

Legal governance, risk management, and compliance

Learn the GRC meaning in business and study the concepts of governance, risk, and compliance. Explore examples of GRC tools used in business and study GRC drivers.

Medical Law

Explore the different branches of medical law. Find out what medical law is and understand the laws of medical negligence. See examples of medical law and ethics.

Property Law

Discover what property law is and see examples of different types of property law. Learn the legal definition of property and examine the limits of property rights.

Uniform Commercial Code

Explore the uniform commercial code. Learn the definition of uniform commercial code and understand its structure and applications. Discover various UCC examples.

White-Collar Crime

Learn the white-collar crime definition and understand the meaning of white-collar. Learn the different types of white-collar crime, know famous white-collar criminals, and see the most relevant statistics of white-collar crimes.

Business Law Resources

The list of business law courses from Study.com consists of several different types of courses that explore a variety of business law topics. Courses allow for self-paced study so that one lesson is fully understood before moving on to another one. There are a few business law classes that can be transferred as college credits, along with several certificate programs that can be useful to employees and managers alike. Study.com offers courses for individuals with different business law needs, whether those are reinforcing existing knowledge, developing new knowledge, or sharing that knowledge with others.

Business and Law Courses

The courses linked below range from broadly applicable to more focused content. Each course is made up of interactive activities and assessments, and video lectures, with some also offering printable resources and online dashboards for progress tracking. Whether a manager is looking for a course to administer to their team, or a student interested in developing an understanding of business law, these courses offer a flexible option for reaching their goals. Some courses offer college credits for those interested in pursuing more courses at a college or university. Others offer certificates upon successful completion that can show employers one is well versed in the area.

Frequently Asked Questions

  • How is business law defined?

    Business law doesn't have one specific definition, but most references to the term are associated with the regulations surrounding business activities. Business law can also include business ethics, constitutional law (as it pertains to business) and other relevant guidelines for businesses.

  • What are examples of business law?

    There are many different types of business laws, and some laws only affect certain industries or businesses. Some examples of business laws are those relating to corporate taxes, company formation, consumer goods regulations, employment laws and contract laws.