Business law defines laws related to business partnerships, entities, sole proprietorships, liability companies, and corporations. It describes laws related to business and real property. It also includes rights assignment, drafting, and work delegations, breach of contract, transactions, contracts, and penalties for violation of the agreement.
Business law also determines the formal process of establishment of a business organization and regulations related to the selling of corporate entities. It also includes regulations about employee rights and privileges, workplace safety, overtime rules, and minimum wages law.