Commercial Law

Commercial Law is a branch of law that examines legal regulations related to commercial transactions and commercial activities. This branch of law deals with issues such as the regulation of trade, determination of rights and responsibilities between the parties, honesty in trade and protection of competition. Commercial Law generally includes legal norms regulating the functioning of trade and trade-related contracts.

The main subjects of Commercial Law are as follows:

1. Commercial Contracts: Regulates contracts between two or more commercial parties. Commercial law covers various commercial contracts such as purchase and sale contracts, distributorship contracts, agency contracts.

2. Commercial Enterprise Law: It regulates issues such as the establishment, management and transfer of commercial enterprises. Commercial enterprise law also includes regulations specific to the sectors in which commercial enterprises operate.

3. Competition Law: It includes legal regulations aimed at protecting competition. It covers issues such as unfair competition, prevention or restriction of competition, monopoly.

4. Transportation Law: It includes legal regulations related to the transportation of commercial goods and services. It covers different types of transportation such as land, air, sea and railway transportation.

5. Payment and Collateral Law: It regulates the provisions related to payment and collateral in commercial transactions. It includes issues such as commercial bills, letters of guarantee.

6. Trade Registry Law: It regulates issues such as keeping trade registries, protection of trade names, regulation of commercial records.

Commercial Law includes legal rules that are generally designed to ensure that commerce takes place in a professional, fast and efficient manner. Each country has its own commercial law regulations, which can often vary depending on the type and scale of trade and other factors.