Several key areas fall under the umbrella of business law:
Contract Law: Deals with the creation and enforcement of agreements between parties. Employment Law: Governs the relationship between employers and employees, including wages, workplace safety, and discrimination. Intellectual Property Law: Protects creations of the mind such as inventions, literary and artistic works, and symbols. Corporate Law: Concerns the formation, operation, and dissolution of corporations. Tax Law: Involves the rules and regulations governing how a company is taxed.