Business Law: Course, Admission 2025, Fees, Syllabus, Entrance Exam, Career Scope

Business law, also referred to as Commercial Law or Corporate Law regulates the rights, relationships, and conduct of businesses and individuals involved in commerce, trade, and sales. Business Law course is often included in integrated law degree programs such as LLB, BBA LLB, and BCom LLB. For deeper specialization, Master of Laws (LLM) courses offer concentrations on Business Law or LLM in Corporate Law, further focusing on areas like mergers and acquisitions, intellectual property, and international trade law.

As India's economy grows, the demand for skilled business law professionals increases. This field covers diverse areas such as Contract Law, Company Law, Intellectual Property Law, Labor Law, and Tax Law. A solid foundation in business law can lead to careers in corporate legal departments, private law firms, consultancies, and government agencies.

Additionally, Business Law has two distinct areas of regulation of commercial entities that are done through laws of company, partnership, bankruptcy, and agency as well as regulation of commercial transactions that are done through the laws of contract. 

To be eligible for Business Law, students need to have a bachelor’s degree in LLB or any discipline with a minimum 55 percent aggregate. To pursue a Business Law course one can go to the top colleges such as NLU Delhi, NALSAR, NUJS, NLSIU, GNLU, etc. Moreover, some of the top entrance exams for Business Law are CLAT, TS PGLCET, LPUNEST, AP PGLCET, etc. 

Business Law Latest Updates:

• The AIBE 19 (XIX) Registration has begun. Candidates will be able to submit AIBE 19 Application Form 2024 by or before October 25, 2024. AIBE 19 (XIX) exam date is November 24, 2024. 

• CLAT 2025 Applications for admission to 5-year Integrated LLB (UG) and 1-year LLM courses are now open. The last date to apply is Oct 15, 2024. CLAT 2025 Exam will be scheduled on Dec 1, 2024.

• LSAT India 2024 exam (May session) results for admission to 3-year LLB, 5-year Integrated LLB, and LLM courses have been released. Candidates can log in and download their results at the official website - lsatindia.in.

• NLU Delhi has released AILET 2025 Application Form. The last date to apply is Nov 18, 2024 and the AILET 2025 exam will be conducted on Dec 8, 2024.

• AP LAWCET 2024 Counselling will tentatively start in November 2024 in online mode.
• TS LAWCET 2024 counselling will start tentatively in November 2024.

Business Law Course Details: Highlights

The highlights table provides information about the course types, duration, course fees, and entrance exams for pursuing Business Law.

Candidates can refer to this table for an idea about the average salary offered after completing this course as well as the top recruiters for Business law graduates:

Business law is not a separate degree but integrated into programs like LLB, BBA LLB, and BCom LLB, equipping students with the legal knowledge crucial for business activities.

• Covers Diverse Areas: Business law encompasses a vast array of legal principles governing various aspects of a business, including:

  • Contract Law: Formation, interpretation, and enforcement of contracts.
  • Company Law: Setting up, managing, and dissolving companies.
  • Intellectual Property Law: Protecting trademarks, patents, and copyrights.
  • Labor Law: Employee rights, workplace regulations, and employer obligations.
  • Taxation Law: Tax planning, compliance, and dispute resolution for businesses.

• Offered at Different Levels:

  • Undergraduate Integration: Business law forms a significant portion of integrated law degrees.
  • Postgraduate Specialization: LLM programs with specializations in Business Law or Corporate Law delve deeper into specific areas.

Business Law ties and interactions with other people and organizations are governed by the large body of law known as Business Law. It covers a variety of subjects, such as Contract Law, Corporate Law, Commercial Law, Employment Law, Intellectual Property Law, and Litigation. For businesses of all sizes, business law is a crucial area of the law. Businesses can use it to defend their legal interests, stay out of trouble, and settle disputes quickly and fairly. 

Business Law Course Relevant Links:

What is Business Law, and Why is it Important?

Popular Business Law Colleges

Types of Contract in Business Law: Meaning and Examples

What is the scope of Business Law?

The scope of Business Law in India is vast and encompasses the entire legal framework governing business activities. Here's a breakdown of its reach:

• Formation and Operation of Businesses: Business law plays a crucial role from the very beginning, guiding entrepreneurs through:

  • Choosing the right business structure (sole proprietorship, partnership, company)
  • Legal procedures for company registration and incorporation
  • Drafting and complying with company bylaws and regulations

• Commercial Transactions: Business law ensures fair and legal dealings by governing:

  • Contracts: Formation, interpretation, and enforcement of contracts between businesses and other parties.
  • Sale of Goods Act: Regulates the sale and purchase of goods, ensuring clarity and protection for both parties.
  • Negotiable Instruments Act: Covers bills of exchange, promissory notes, and cheques, facilitating secure financial transactions.

• Corporate Governance: Business law defines and enforces principles for responsible management of companies, including:

  • Duties and responsibilities of directors and management
  • Board meetings, shareholder rights, and corporate disclosures
  • Ensuring transparency, accountability, and ethical conduct within companies.

• Intellectual Property Protection: Business law safeguards intangible assets of a business, such as:

  • Trademarks and copyrights protecting logos, brand names, and creative works.
  • Patents granting exclusive rights for inventions and new processes.
  • Enabling businesses to protect their intellectual property and gain a competitive edge.

Important Link For CLAT 2025- Get All CLAT 2024-25 Latest News and Updates here

Many universities conduct their entrance exams for admission to their LLB and LLM programs. It's crucial to check the specific requirements of the universities you're interested in. Commonly, universities consider the following eligibility criteria:

Business Law Course Relevant Information:

Top 5 reasons why aspirants fail AIBE exam

Candidates need to appear and qualify for the following law entrance exams to secure a seat in Business Law courses at UG and PG levels: 

NOTE: This information is sourced from the official website of the institute/exam.

Quick links for Business Law Course:

• Top Law Entrance Exams
• What are National Law Universities (NLUs)? Difference between NLUs and Private Law Colleges
• All About NLUs: Courses, Fees, Placements

The subjects/ topics taught as part of the Business Law course may vary from college to college. Candidates can go through the syllabus of postgraduate and PG diploma-level Business law courses offered in India below:

Business Law Topics You Might Be Interested In:

• LLB (Hons) in Business Law 
• LLM in Business and Commercial Law
• LLM International Business Law Syllabus

There are around 82 law colleges that offer courses in Business Law across all levels of education such as UG, PG, and Doctorate. Some colleges also offer short-term diploma courses in Business Law. The admissions to these courses are done purely on the basis of entrance tests conducted by the university or consortium of colleges or any state-level entrance examination.

For diploma or short-term courses, colleges admit students on the basis of merit. Some of the top government and private colleges are in the list below. 

Law NIRF Ranking 2024

Students interested in pursuing various law courses can consider applying to colleges based on their rankings in the National Institutional Ranking Framework (NIRF) 2024. National Law School of India University (NLSIU), Bengaluru, has maintained its top position in the NIRF Law ranking 2024 for seven consecutive years. For a comprehensive overview of law colleges and their rankings, please visit the official NIRF website.

The subsequent table presents colleges ranked according to the NIRF 2024 Law rankings.

Note- This information is sourced from the official website/ counselling body and may vary.

Important Update Related to Law NIRF 2024 Rankings:

Top 10 law colleges in India by NIRF Ranking 2024 

Top Business Law Government College

Few government colleges such as National Law Universities as well as Department of Law across various state and central universities, offer LLM or postgraduate diploma courses in Business Law. These colleges are as follows:

Note- This information is sourced from multiple sources on the web. Hence, is subject to vary.

Top Business Law Private College

Many Private Colleges also offer LLM or Postgraduate Diploma Courses in the field of Business Law. These colleges also invite candidates to pursue PhD in the field of Business Law. Some of the colleges offering LLM in Business Law Courses are as follows:

Note: The fee range given above is for all level Commercial Law courses such as UG, PG, PhD and Diploma.

The legal ramifications of commercial transactions, contracts, intellectual property, and other areas are all covered by the large discipline of business law. Business attorneys assist companies of all sizes in navigating the legal system and safeguarding their interests. A career in Business Law has a very broad range. Business attorneys can work in a range of contexts, including legal firms, businesses, governmental institutions, and nonprofit institutions. Additionally, they can choose to focus on a specific branch of business law, such as corporate, securities, or intellectual property law.

Candidates can take up the following job profiles after completing Business Law:

Note- The above salary has been taken from external sources, and hence may vary.

Business Law Top Recruiters

Almost all companies require Business lawyers as it checks whether all their functioning is being done in a legal manner or not. Also, it deals with mergers, acquisitions, incorporations, and bankruptcies. Some of the top recruiters in this field are:

Candidates who pursue a UG Business Law Course can either opt to pursue a PG Business Law course or even opt to pursue a law job profile on completing the course. One of the most popular job profiles after completing a Business Law course is to become a Business Lawyer.

Apart from this, candidates can also pursue other law job profiles after completing their Business Law course from a reputed college/ university. Law graduates must qualify AIBE exam to practice in a court of law in India.

Quick Links For Business Law Course:

• What is Corporate Law?
• Corporate Law Colleges in UP

What is the relevance of Business Law to Business students?

Business law is a critical subject for business students to understand, as it provides the foundation for making sound business decisions. Business law covers a wide range of topics, including contract law, tort law, corporate law, employment law, and intellectual property law.

Here are some of the key reasons why business law is important for business students:

• To understand the legal environment in which businesses operate. Business laws and regulations vary from country to country, so it is important for business students to understand the specific legal environment in which they will be operating. This knowledge will help them to avoid legal pitfalls and make informed decisions about their businesses.
• To protect their businesses from legal liability. Businesses can face legal liability for a variety of reasons, such as breach of contract, negligence, and product liability. By understanding business law, business students can learn how to minimize their businesses' legal risks.
• To draft and negotiate contracts. Contracts are essential for businesses of all sizes. Business students need to understand the basics of contract law in order to draft and negotiate fair and enforceable contracts.
• To manage their businesses' intellectual property. Intellectual property, such as trademarks, copyrights, and patents, can be valuable assets for businesses. Business students need to understand intellectual property law in order to protect their businesses' intellectual property rights and avoid infringing on the intellectual property rights of others.
• To resolve disputes. Disputes are inevitable in any business. Business students need to understand the different ways in which disputes can be resolved, such as through negotiation, mediation, and arbitration. This knowledge will help them to resolve disputes efficiently and effectively.

Business Law Topics You Might Be Interested In: Difference Between Agreement and Contract

Some of the commonly asked questions for Business Law are as follows: