What does commercial mean in law?

Commercial law is a body of law that regulates the conduct of persons, merchants, and businesses who are engaged in trade, sales, and commerce. Also known as business law, it is a broad area of law that interacts with many other areas of law such as environmental regulation, real estate, and food/safety laws.

What is commercial law based on?

Commercial law is a broad term covering a variety of legal fields, regulating the behaviour of people and businesses engaged in trade, sales and commerce, including e-commerce. Whilst this may seem very business focused, commercial law also covers consumer protection and contracts, including employment contracts.

Does commercial law exist?

Commercial legal practice will deal with a wide variety of subjects including the law relating to contracts, consumer credit, insurance, tax and partnerships. Commercial Law is thus an amalgam of common law, statute and even equity.

Is commercial law private law?

Commercial law is that branch of private law concerned primarily with the supply of goods or services by merchants and other businesses for profit. Textbooks on commercial law frequently differ on the range of topics treated in them.

Is commercial law easy?

It is an area of law that can be very challenging, however offers almost unlimited rewards if you put in the time and effort into a career in the legal area. A more literal definition for commercial law can also be given that it is a ‘body of law that governs business and commercial transactions.

What type of law is commercial law?

Commercial law, also known as mercantile law or trade law, is the body of law that applies to the rights, relations, and conduct of persons and business engaged in commerce, merchandising, trade, and sales. It is often considered to be a branch of civil law and deals with issues of both private law and public law.

Is commercial law contract law?

What Is Commercial Law? Commercial law involves legal problems that can occur in the running of businesses and commercial transactions. Its predominant concerns are contract and tort law. Clients that come to commercial law firms include large businesses, governments, banks, insurance companies and more.

Where does commercial law come from?

The birth of Commercial Law is closely related to the activity of guilds and corporations of merchants which arose in medieval towns in order to defend their common interests.

Why should I become a commercial lawyer?

Long hours, strict deadline compliance, high-pressure situations, excellent teamwork skills and an ability to sacrifice your life for your work are only part of what commercial solicitors may be expected to do.