Commercial law, also known as business law, is a broad field of law related to the behaviors and rights of businesses participating in many different forms of commerce. Due to its nature, commercial law is often referenced as a branch of civil law because it addresses issues in both private and public law. The activities of businesses are frequently complex and their consequences are far reaching, so naturally, business law can often be more complicated than the body of laws that govern individuals.
At Simas & Associates we value a comprehensive understanding of commercial law and we can share the expertise we’ve cultivated from years of experience with your business.
What is Commercial Law?
Commercial law, also referred to as business law, is the body of law that determines the rights and responsibilities of parties engaged in routine trade and commerce. It also provides regulation to govern potential disputes that may arise out of normal transactions between buyers and sellers. Commercial law is often used to settle issues concerned with banking and insurance, privacy laws, safety laws, and food and drug laws to name a few.
The umbrella of commercial law encompasses a vast array of day-to-day business protocol. Navigating business law without the assistance of a seasoned attorney can be both confusing and risky; our law firm can help fill in any crucial knowledge gaps.
Commercial Law: Following it to The Letter
Protecting your business is imperative to its survival, and there is little doubt that as a business owner, this is your first priority. Proper appreciation of the regulations embedded in commercial law is the best way to make sure that your business interests are insulated from all foreseeable harm and liability.
Contracts being drafted or negotiated must be executed in strict accordance with the law, purchase agreements must be watertight and company mergers must be built on an unassailable foundation; these are just a few examples where a thorough knowledge of the law will steer you in the right direction. There is no substitute for experienced and capable professionals in these instances.
Compliance: When to Consider Commercial Law
Commercial law is such an integral part of doing business today’s global economy that large corporations all have their own departments solely responsible for carrying out duties related to it. Depending on the size and scope of your business, needs vary. Every time any sort of agreement is inked you should be questioning what sort of laws might be in play, but a few specific examples to consider are as follows:
- Business formation
- Real estate purchase or sale
- Employment agreements
- Company mergers
- Client agreements
- Commercial reports
- Non-compete clauses
Understanding how commercial law affects your business will take an examination of your current practices and a reconciliation of those with not only pertinent local business regulation, but national and international guidelines as well.
Contact Us Today
Using commercial law to protect yourself and your business is an essential strategy in modern commerce. Bringing on seasoned professionals with an in-depth familiarity with laws and regulations is the fastest and surest route to your protection. If you are interested in, or want to start, protecting your business today, contact us! When you do, you will receive a free consultation and one of our commercial lawyers will help advise you on any concerns you might have.