But, the two legal specialties are not one and the same. Business law focuses on the rules and regulations that dictate how to form and operate a business. Commercial law, on the other hand, concerns the legal requirements for the sale and distribution of goods and services.
Any business that sells products or provides services needs an attorney with expertise in both business law and commercial law. Here’s why having the right lawyer is essential.
Experts in business law must be familiar with both the federal and state regulations.
The federal government governs workplace safety and employment laws, stocks and investments and environmental protections. However, each state can add its own legal requirements – and companies that provide goods or services in multiple states may be subject to different laws in each one.
The Uniform Commercial Code (UCC), a set of legal requirements regarding the sale, lease and purchase of goods and services, regulates commercial law.
Every state has adopted the UCC in some form, but many have made their own modifications to the laws. Because of this, a business owner needs an attorney who understands the UCC provisions enacted in the states where it operates.
Considerations in Hiring a Business & Commercial Lawyer
Every industry has unique legal concerns. Therefore, when choosing an attorney, going with a professional who has experience in your industry can be beneficial. A lawyer who works with companies in your niche will be able to offer practical advice and smart solutions to legal issues, while also taking industry practices and ethics into consideration.
People often start searching for an attorney when the need for legal assistance becomes crucial – and that late in the game, the amount of help a lawyer can provide may be limited. To avoid lost profits and canceled contracts, and to protect their legal interests, business owners should hire an experienced lawyer early on.
If you want to work with a reputable lawyer in the greater Salt Lake City area who has extensive expertise in business and commercial law, turn to the award-winning legal professionals with The Franchise & Business Law Group.
Our dedicated attorneys have decades of experience helping Utah business owners, and our client-centered approach and forward-thinking advice earn us many referrals. We take pride in offering the first-class service of a large legal firm without the matching high price, and our breadth of knowledge ensures our team can meet your needs.
For more information about The Franchise & Business Law Group, or to schedule a confidential business and commercial law consultation with one of our expert attorneys, contact us today.