In a move that will have far-reaching implications for businesses across Michigan, new commercial law legislation was passed on July 9, 2025. The legislation, aimed at modernizing and streamlining existing commercial laws, will impact various aspects of business operations in the state.One of the key changes brought about by the new legislation is the updating of contract law provisions to reflect the increasingly digital nature of business transactions. The legislation introduces new requirements for electronic contracts and signatures, recognizing the validity and enforceability of contracts entered into through electronic means.Another significant change under the new legislation is the incorporation of provisions related to data protection and privacy. With data breaches and cybersecurity threats on the rise, businesses in Michigan will now be required to adhere to stricter data protection measures and reporting requirements in the event of a breach.Additionally, the legislation includes provisions aimed at addressing issues related to commercial leases and real estate transactions. Landlords and tenants will now have clearer guidelines to follow when entering into lease agreements, with specific provisions related to rent increases, lease terminations, and property maintenance.The new legislation also introduces measures to streamline the process for resolving commercial disputes. Alternative dispute resolution mechanisms, such as mediation and arbitration, will be encouraged to help businesses resolve conflicts in a more efficient and cost-effective manner.Overall, the new commercial law legislation in Michigan is expected to provide businesses with greater clarity and certainty in their operations, while also keeping pace with the evolving business landscape in the digital age. Businesses are encouraged to familiarize themselves with the changes brought about by the legislation to ensure compliance and mitigate any potential legal risks.The passage of the new commercial law legislation marks a significant milestone for Michigan businesses, signaling a commitment to creating a more conducive environment for commerce and economic growth in the state. With these changes in place, businesses in Michigan can look forward to a more stable and predictable legal framework to guide their operations.