Business law is a broad legal area that deals with every legal dealing that impacts business and commerce in some way. It involves the interpretation and enforcement of various state and federal laws, laws designed to protect the rights of all parties involved in the economy, including those not directly involved. For example, environmental laws such as the Clean Air Act and the Comprehensive Environmental Response, Compensation and Liability Act (CERCLA) govern how businesses must dispose of toxic byproducts and manage their emissions.
Many different subcategories of law fall into the area of business law. These include:
Working with a business lawyer to represent your rights and interests in a business dispute means having an advocate. Depending on the circumstances of the dispute, your lawyer could determine legal options you did not realize you had or resolve the dispute before it spirals into a contentious, expensive legal procedure for you. Often, business disputes are resolved through arbitration or mediation, two forms of alternative dispute resolution that make it possible for the parties involved to reach settlements without having to go to court. This saves everybody involved in the dispute money and time and often, helps to avoid conflicts that could create new problems between them in the future.
As a business owner, a shareholder, or an employee, there will be times when business law violations and legal decisions in your company will affect you personally. When you need legal advice and representation regarding these events, work with an experienced business lawyer. Get started with a member of North Suburban Legal Services LLC today by contacting our firm to schedule your initial consultation in our office.