Business law is a branch of civil law that governs business and commerce in both the private and public sectors. It provides a legal framework within which businesses are created and organized as well as how business is conducted. Business law covers a wide variety of topics relating to the law of agency, corporations, partnerships, limited partnerships, franchises, and limited liability companies. It involves such issues as fiduciary relationships, closely held corporations, shares and stockholders, directors and officers, dissolution and receivership, franchise relationships, management duties and liabilities, mergers and acquisitions, securities, and antitrust.

A business litigation is the act or process of litigating; a suit at law; a judicial contest against a business. To protect yourself from a business lawsuit, shield yourself from personal and business liability exposure, make sure you have a comprehensive general business liability policy in place, and have well-drafted company policies and procedures, such as an employee handbook, in place. If your business is sued, call your lawyer, tender an insurance claim, allow your lawyer to speak for you, investigate the allegations, assess your potential liability exposure, formulate a plan of defense, and strive for a settlement based on sound business judgment.

Business planning encompasses more than getting your business going. It also involves becoming familiar with the relevant antitrust laws, so that you don't engage in conduct that illegal monopolizes your market or inadvertently enter into agreements that restrain trade, and learning how to salvage a sputtering business. Depending on your area of business, effective business planning may also require familiarity with less familiar legal topics, such as agriculture law and international law. Even small businesses can utilize strategic business planning by researching the relevant laws that pertain to the business model, and implementing a small business planning initiative.

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