Commercial law

Common card · No. 401644

Commercial law, also known as business law, mercantile law or trade law depending on jurisdiction, is the body of law or system of rules that govern the rights, relations, obligations, and conduct of persons and organizations engaged in commercial and business activities. It is often considered to be a branch of civil law and deals with issues of both private law and public law. Commerce is the system of activities and organizations involved in the exchanges of products, services, and other valuable assets. These activities and the commercial entities—which are primarily engaged in profit-driven transactions—are subject to commercial law, which provides the legal framework for their formation, operation, and oversight. By establishing rules for transactions and governing business enterprises, commercial law ensures that exchanges are orderly, enforceable, and predictable; promotes fair and efficient competition; protects intellectual property and innovative investments; safeguards consumer...

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