Business law refers to a body of regulations that, when enforced, provides a framework within which business may be conducted.

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Business law provides guidelines for conducting business activities within legal boundaries. Without such regulations, businesses might operate improperly or unlawfully, causing harm to stakeholders or the broader economy. Thus, business law plays a critical role in promoting the smooth functioning of commercial activities and ensuring fair competition among market participants. Some examples of business regulations include contract law, employment law, intellectual property law, and tax law, among others.

Business Law Refers to a Body of Regulations That, When