commercial transactions
Buying and selling
Commercial transactions are exchanges of goods, services, or money conducted for business purposes rather than personal ones.
The term encompasses buying, selling, leasing, and financing arrangements between parties engaged in trade: The lawyer specialized in commercial transactions involving real estate.
In legal contexts, commercial transactions are governed by specific bodies of law, such as the Uniform Commercial Code in the United States.
- saleExchange for payment
- escrowConditional third-party deposit
- auctionCompetitive public sale
- tradeExchange of commodities
- contract lawRules governing binding agreements
terms and conditions · fine print · buyer beware · payment gateways · procurement · arbitration · supply and demand · fair market value · invoice · licensing agreement · online marketplaces · consumer protection · consignment · letter of credit · B2B · goods and services · bill of lading · lease
commercial transactionsgifts
Items freely given
donations · gift-giving · barter · charitable giving · gratuities
commercial transactionsphilanthropy
Generous giving for others
charity · altruism · volunteerism · mutual aid · pro bono work