Business law consists of many different areas including: Contracts, the law of Corporations and other Business Organizations, Securities Law, Intellectual Property, Antitrust, Secured Transactions, Commercial Paper, Income Tax, Pensions & Benefits, Trusts & Estates, Immigration Law, Labor Law, Employment Law and Bankruptcy. Contract law concerns the rights and duties that arise from agreements. It is a branch of law that examines topics that impact the operation of a business.