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

Commercial law, also known as business or corporate law, is a body of laws that govern businesses and commercial transactions in the state of Wisconsin. These laws cover a wide range of legal matters related to businesses, from the creation and organization of the business, to the sale and transfer of ownership. The main type of legal matter that falls under the umbrella of commercial law is contracts. Contracts are legally binding documents between two or more parties, and they form the basis of most business operations. They set out the terms of the agreement between the parties, such as the responsibilities of each party and the remedies for non-performance. Additionally, contracts may include clauses that determine the duration of the agreement, payment terms, and intellectual property rights. Another key area of commercial law is intellectual property. Intellectual property generally refers to creations of the mind such as inventions, designs, and literary works. Intellectual property law specifies the ownership rights of the creators of these works, and provides protection for their economic benefits. In Wisconsin, intellectual property may be protected through copyright, trademark, and patent law. Finally, commercial law covers corporate governance matters. Corporate governance refers to the principles and practices by which a company is directed and managed. Corporate governance outlines how businesses should be managed, including duties and responsibilities of the board of directors and officers, as well as shareholder rights and duties. It also sets out rules on the transfer of corporate assets and liabilities and helps to protect the interests of the company and its shareholders.

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

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