Business Law – the term refers to the sphere of the Law, also known as “Commercial Law” or “Corporate Law” related to corporate organizations and their structure, business activities, regulation of their relations among each other and with private individuals, etc. Also It provides the legal frames and boundaries for establishing, operation, management, transferring, liquidation of local companies.

In most jurisdictions business law is a major part of the Law and practiced by most of the lawyers – http://www.americanbar.org/groups/business_law.html .