Commercial law refers to the rules and regulations governing how commerce and trade must be conducted. This legal area encompasses all matters relating to activities between professionals and consumers as well as business-to-business transactions. The basis of commercial law in the United States is the Uniform Commercial Code (UCC), which has been adopted in some form by every state in the nation. The following guide outlines what this code covers and how it affects your business.

What Commercial Law Covers

The UCC was written to cover a range of issues, helping businesses either avoid litigation or understand their rights if they must appear in court. The code offers guidance on commercial law topics that include the following:

• Acquisitions: The process of acquiring a controlling interest in another business.
• Contracts: Good business practices require legally sound agreements that protect your company’s interests.
• Mergers: The process by which one company absorbs another.
• Negotiable Instruments: Legally binding documents that promise, without condition, that a business debt will be repaid, either on demand or at a specific time.
• Securities: Financial assets offered to guarantee that a business debt will be repaid.

How This Legal Area Affects You

Commercial law experts focus on helping business owners get the most beneficial deals possible to ensure the success and solvency of their enterprise. Attorneys who work in this field ensure their clients’ activities abide by the tenets of the UCC, so they fulfill their responsibilities to their employees, customers, and community.

Managing business transactions can be difficult, but having a commercial law expert by your side will simplify the process. Luke A. Weiland, Attorney at Law of Wisconsin Rapids, WI, guides clients to the legal solutions that will help their company grow. To schedule a consultation with an experienced lawyer, call (715) 422-6808. Visit the firm online to learn more about their practice areas. For additional legal tips, like the office on Facebook.