LEAB study guide
LEAB · Work through your exam, one topic at a time.
LEAB is a professional certification exam in business law, delivered in multiple-choice format and organized around seven weighted domains: the legal environment and regulatory framework (20%), contract law and commercial transactions (20%), business organizations and governance (15%), employment and labor law (15%), intellectual property and technology (10%), ethics, compliance and professional responsibility (10%), and risk management and dispute resolution (10%). It is aimed at professionals whose work touches commercial decision-making - compliance and risk staff, paralegals and contract administrators, operations and procurement managers, and early-career legal or business graduates - who need working fluency in how legal rules shape business choices rather than jurisdiction-specific litigation practice. The LEAB study guide has 7 sections and about 2,343 words.
01Legal Environment and Regulatory Framework
The Legal Environment and Regulatory Framework domain tests how law is made, who makes it, and how courts review agency action. Expect questions on the hierarchy of authority, the Commerce Clause, federal preemption, and administrative procedure.
357 words, about 2 min02Contract Law and Commercial Transactions
Contract Law and Commercial Transactions tests formation, enforceability, performance, and remedies, with the split between common law (services, real estate) and UCC Article 2 (goods). Expect merchant rules, the Statute of Frauds, and battle-of-the-forms problems.
358 words, about 2 min03Business Organizations and Governance
Business Organizations and Governance tests entity selection, authority, fiduciary duties, and liability shields. Expect agency concepts, the business judgment rule, and veil-piercing.
334 words, about 2 min04Employment and Labor Law
Employment and Labor Law tests the employment relationship, discrimination, wage-hour rules, and collective rights. Expect at-will limits, Title VII analysis, and worker classification.
339 words, about 2 min05Intellectual Property and Technology
Intellectual Property and Technology tests the four IP regimes, their duration and infringement standards, and digital-era issues such as fair use and data protection. Patents: Utility patents protect processes, machines, manufactures, and compositions; require novelty, utility, and nonobviousness; 20 years from filing.
341 words, about 2 min06Ethics, Compliance, and Professional Responsibility
Ethics, Compliance, and Professional Responsibility tests ethical decision frameworks, corporate compliance, anti-corruption, and professional duties. Expect FCPA, SOX, and attorney-conduct rules.
321 words, about 2 min07Risk Management and Dispute Resolution
Risk Management and Dispute Resolution tests identifying and allocating risk, and choosing among negotiation, mediation, arbitration, and litigation. Expect contract clauses, arbitrability, and jurisdiction.
293 words, about 1 min