commercial law
Trade transaction rules
Commercial law is the body of law governing business and trade—contracts, sales, banking, credit, and corporate dealings.
Also called business law or mercantile law.
It covers transactions between merchants and the rules that make commerce predictable: The contract was unenforceable under commercial law.
Distinct from consumer law, which protects individual buyers.
Adhering to requirements
- antitrustAgainst corporate market dominance
- licensingGranting official permission
- consumer protectionLaws defending purchasers' interests
- bankruptcyLegal status when insolvent
insolvency · sanctions · enforcement · oversight · privacy laws · disclosure · registration · prospectus
Shared position between parties
- breachBreaking of agreement
- remedyCurative treatment or fix
- obligationRequired task or commitment
- enforceabilityCapacity for legal compulsion
terms · conditions · offer · acceptance · consideration · capacity · legality · rescission
Corporate combination activity
- corporate governanceCompany direction and control
- joint venturesShared business undertakings
- partnershipsFormal business alliances
- due diligencePre-transaction reasonable care
franchising · incorporation · bylaws · fiduciary duty · directors · officers · dissolution · limited liability
Civil case initiator
- defendantParty facing charges
- lawsuitCivil court proceeding
- damagesCompensation for injury
- injunctionCourt-ordered behavioral requirement
discovery · deposition · verdict · appeal · summons · jurisdiction · mediation · settlement
Security for debt
- lienClaim securing debt
- creditorOne owed money
- debtorOne who owes
- promissory noteWritten debt obligation
letter of credit · pledge · chattel · factoring · leasing · consignment · bailment · title transfer
Tax on traded goods
- importObtain from overseas
- exportForeign-bound sale
- customsTraditional practices or import taxes
- bill of ladingCargo shipment receipt
freight · maritime · carriage · shipping · logistics · quota · duty · commodity
Exclusive rights to inventions
- trademarksProtected commercial identifiers
- trade secretsProtected commercial knowledge
- licensing agreementsContracts granting usage rights
- infringementViolation of rights
royalties · assignment · registration · prosecution · domain names · brand protection · non-disclosure · proprietary rights
compliance
Adhering to requirements
- antitrustAgainst corporate market dominance
- licensingGranting official permission
- consumer protectionLaws defending purchasers' interests
bankruptcy · insolvency · sanctions · enforcement · oversight · privacy laws · disclosure · registration · prospectus · insider trading
agreement
Shared position between parties
- breachBreaking of agreement
- remedyCurative treatment or fix
- obligationRequired task or commitment
enforceability · terms · conditions · offer · acceptance · consideration · capacity · legality · rescission · damages
mergers and acquisitions
Corporate combination activity
- corporate governanceCompany direction and control
- joint venturesShared business undertakings
- partnershipsFormal business alliances
due diligence · franchising · incorporation · bylaws · fiduciary duty · directors · officers · dissolution · limited liability · proxy
plaintiff
Civil case initiator
injunction · discovery · deposition · verdict · appeal · summons · jurisdiction · mediation · settlement
collateral
Security for debt
promissory note · letter of credit · pledge · chattel · factoring · leasing · consignment · bailment · title transfer · perfection
tariff
Tax on traded goods
bill of lading · freight · maritime · carriage · shipping · logistics · quota · duty · commodity · wholesale
patents
Exclusive rights to inventions
- trademarksProtected commercial identifiers
- trade secretsProtected commercial knowledge
- licensing agreementsContracts granting usage rights
infringement · royalties · assignment · registration · prosecution · domain names · brand protection · non-disclosure · proprietary rights
- lawlaw, lawyer, lawyers, attorney, attorneys
- tradetrade balance, free trade, trade barriers, customs, trade deficit
- lawslaws, statute, ordinance, acts, statutes
- legal fieldscivil law, criminal law, administrative law, common law, civil procedure
- legal systemsconstitutional law, judiciary, criminal code, court system, penal code
- African lawconstitutional court, indigenous law, high court, court of appeal, attorney general
commercial lawcriminal law
Statutes defining punishable offenses
public law · family law · constitutional law · criminal statutes · administrative law
commercial lawpublic interest law
Legal practice serving society
commerce, commercial, commercialized, commercialize, commercially, noncommercial, ecommerce, commercialism, commercializing