Business law is a branch of private law that can be understood as the set of rules governing the business activity of the entrepreneur, and of any individual or legal entity, intended for purposes of an economic nature, provided that it is habitual and directed to the production of goods or services. conducive to patrimonial or profitable results, and that exercise it with the rationality of a "company", being a special branch of private law, which aims to provide greater legal certainty to the rules applicable to professional economic activities that deal with the production and circulation of goods and services.

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​ Thus understood, business law covers a wide range of matters, including the obligations of entrepreneurs, business companies, special commercial contracts, securities, intellectual property, among others.