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In the United Kingdom, business law is the body of law that applies to the rights, relations, and conduct of persons and businesses engaged in commerce, merchandising, trade, and industry. This overview covers all areas of business transactions, right from the formation and registration of businesses, organization, financing, and operation to dissolution.

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The subject of business law may range from sole proprietorship to multinational companies. The subject covered may vary from simple topics like contract and property rights to employment law, bankruptcy, and even environmental law. Business law in the UK is, for the greater part, statutory or common law developed by parliament and developed by judges in cases coming before courts.

Business law is important to a business in the United Kingdom because, first and foremost, business law offers certainty and predictability in the marketplace. This is important in that businesses need to be shown what they can and cannot do so that proper planning of activities and informed decisions may be made.

It will help business law protect them against unfair competition and give a level playing field, which is the only way that businesses can really do well since they compete on quality rather than an unfair avail of advantages that others cannot access. Business law stimulates economic growth and development by setting a framework in which transactions can be made and contracts can be enforced. This is important because it allows businesses to conduct commerce free of legal fear, thus spurring investment and innovation.

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