Business law is a branch of civil law that governs business and
commerce in both the private sector (corporations) and the public
sector (government). Business law provides a legal framework within
which businesses are created and organized as well as how business is
conducted or transacted. Business law covers a wide variety of topics
including laws and rules relating to agency, partnerships, limited
partnerships, corporations (closely held and public), limited liability
companies, family businesses, sole proprietorships, franchises and
professional practices (medicine, law, real estate, accounting, etc).
Business law may involve such issues as contracts, leases, fiduciary
responsibilities, shareholder and stockholder disputes, director and
officer liability, dissolution, franchise relationships, management
duties and liabilities, mergers and acquisitions, securities,
employment, real estate disputes, professional liability, business
valuations and the division of business interests and assets.
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Business litigation is the act or process of appearing before a court
or arbitration tribunal relating to an action involving a business
enterprise or business dispute, whether it is to seek money or damages
from a business or protect a business against such claims. You can
help protect yourself from a business lawsuit and shield yourself from
personal and business liability exposure by having a comprehensive
general business liability policy in place. If you or your business is
sued make sure your lawyer handles business law type cases, allow your
lawyer to speak for you and investigate the allegations, assess your
potential liability exposure, formulate a plan of defense and strive
for a resolution based on sound business judgment customized to your
needs.
You should know that there is a difference between
the two types of business lawyers, those who handle lawsuits/business
disputes (business litigation lawyers) and those who handle contracts
and corporate matters (transactional lawyers). Some lawyers may do
both, but most lawyers will tend to specialize in one area or the
other. Spooner Law handles business litigation matters. If you or
your company is involved in a lawsuit or business dispute, from
professional negligence to violation of an agreement, you should look
for a law firm that considers itself to be business litigators, like
Spooner Law. If you or your company becomes involved in a lawsuit or
business dispute you should retain a lawyer or a law firm that has the
expertise and experience to handle all of your anticipated needs and
strongly fight for your position, a law firm like Spooner Law.
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