Business law is a broad concept, especially when considered in its primary sense, which refers to the rules applicable to businesses, commercial activities, and merchants. This vast field of study can be particularly intimidating for students, as its regulations are complex and often highly mathematical. Financial law exemplifies this complexity, where the rule may sometimes involve the application of a mathematical formula.

However, the discipline is fundamentally grounded in general contract law. Therefore, a skilled business lawyer is, above all, a meticulous civil lawyer with a strong grasp of the basics of civil law. While a comprehensive understanding of business law is not necessary for all professions, a basic familiarity with its key concepts and rules is essential for all professionals to minimize legal risks within a business or commercial setting.