Business law, also known as commercial law, governs the legal aspects of running a business, from its formation to its daily operations, transactions, and dissolution. It covers a wide range of topics, including contracts, intellectual property, employment, mergers and acquisitions, and disputes between businesses. Business law ensures that companies operate within legal boundaries, protecting their rights and interests as well as those of their employees, customers, and partners. It also addresses issues like corporate governance, taxation, bankruptcy, consumer protection, and antitrust laws. Whether it's drafting contracts, resolving disputes, or navigating regulatory compliance, business law plays a crucial role in ensuring that businesses function legally and ethically in the marketplace.
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