Commercial

Commercial law, also known as business law, is the legal framework that governs business transactions, trade, and commerce. It includes contract law, company law, intellectual property, consumer protection, and dispute resolution related to business activities.

The general process of commercial law in business transaction is:

  1. Formation of Contracts – Businesses create agreements for the sale of goods, services, partnerships, or other transactions.
  2. Regulatory Compliance – Businesses must follow laws related to taxation, licensing, employment, and consumer protection.
  3. Dispute Resolution – If conflicts arise (e.g., breach of contract, unfair trade practices), they can be resolved through negotiation, Alternative Dispute Resolution (ADR), or litigation.
  4. Business Structuring & Governance – Companies must register their businesses, follow corporate governance rules, and adhere to financial regulations.
  5. Enforcement & Legal Actions – If a party violates commercial laws or contracts, legal actions may be taken in court or through arbitration.

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Disclaimer: This article is for informational purposes only and does not constitute legal advice. If you need specific legal guidance, talk or chat to us on 0708111222.

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