What type of legal matters fall under the umbrella of commercial law?

Commercial law encompasses a wide array of legal matters pertaining to businesses and commercial transactions. This includes some of the most common legal issues businesses face like contracts, business formation, intellectual property, and taxation. First, commercial law deals with contracts, which are legally enforceable agreements between two or more parties. Contracts provide the framework for companies to conduct business and set expectations between both parties. For example, contracts are common when two businesses enter into an agreement to buy or sell products or services. Second, commercial law also covers business formation. This includes forming new business entities such as corporations, limited liability companies, and partnerships, as well as managing existing ones. Third, commercial law covers intellectual property, which includes trademarks, copyrights, and patents. These are protected legal interests in possessions someone has created, such as inventions, artwork, designs, and ideas. Finally, commercial law includes taxation. This includes filing taxes as well as appealing or disputing tax assessments. It also covers tax planning, which involves minimizing taxes by utilizing legal methods to minimize taxes legally. In sum, commercial law encompasses a wide array of legal matters that pertain to businesses and commercial transactions. This includes contracts, business formation, intellectual property, and taxation.

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What type of legal matters fall under the umbrella of commercial law?

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