New York Business Law: Complex Issues Needing Resolution

April 14, 2011 - PRLog -- New York business law presents complex legal challenges for both business owners and attorneys alike. It reaches a point in business growth where a strategic partnership between business client and attorney is mandatory to address preventive legal issues and care.

Also commonly known as commercial law, business law is the body of law that governs business and commercial transactions. It is often considered to be a branch of civil law and deals with issues of both private law and public law.

Business law includes such titles as principal and agent; carriage by land and sea; merchant shipping; guarantee; marine, fire, life, and accident insurance; bills of exchange and partnership. It can also be understood to regulate corporate contracts, hiring practices, and the manufacture and sale of consumer goods. Many countries have adopted civil codes that contain comprehensive statements of their business law. In the United States, business and commercial law is the province of both the United States Congress, under its power to regulate interstate commerce, and the states, under their police power. Efforts have been made to create a unified body of commercial law in the United States; the most successful of these attempts has resulted in the general adoption of the Uniform Commercial Code, which has been adopted in all 50 states (with some modification by state legislatures), the District of Columbia, and the U.S. territories.

Various regulatory agencies control how commerce is conducted, especially regarding   employees and customers. Privacy laws, safety laws (e.g., the Occupational Safety and Health Act in the United States), and food and drug laws are some examples.

What does this all mean to the New York businessman concerned with the legal implications of doing business in New York? According to Macron & Cowhey, PC, New York commercial litigation specialists, there are numerous issues on a daily basis that have a direct impact on how business is done in New York. The result of it all is that business legal counsel is really a necessity in today’s complex business climate.

Although the business world undergoes constant change, commercial laws generally have remained relatively static. The Commission on Uniform Laws, in conjunction with the American Law Institute and other organizations, periodically revises the articles of the UCC. However, the revision process of the UCC is typically slow and deliberate. Recent revisions to Article 2 (governing the sale of goods) and Article 9 (governing secured transactions) took several years to complete. Thus, not only is commercial law substantially uniform throughout the United States, but also those who conduct business can proceed with commercial transactions with some degree of certainty as to the law of those transactions.

Further information is available by visiting http://www.legalsolutionsny.com

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New York business law presents complex legal challenges for both business owners and attorneys alike. It reaches a point in business growth where a strategic partnership between business client and attorney is mandatory to address preventive legal issues and care. Macron & Cowhey, PC can help.