Business law encompasses all of the laws that dictate how to form and run a business. This includes all of the laws that govern how to start, buy, manage and close or sell any type of business. Business laws establish the rules that all businesses should follow. According to Salmond, law is ‘’the body or principles recognized and applied by the state in the administration of justice.’’

Sources of Business law:

1. Legislation

2. Custom

3. Case Law 

4. Natural Law 

5. English Law. 

Types of Business Law:

    1. Contract Drafting/ Negotiations/ Legislation.

    2.Consumer Good Sales.

    3. Antitrust

    4. Intellectual property

    5. Immigration Law

    6. Taxes.