Definition of Commercial Law

Also know as commercial law, the right commercial is that group or set of laws and regulations that are established in the economic field to control precisely the type of relationships or links that may exist between two or more parties for commercial and exchange economic. Commercial law is a type of private law that groups administrative and legal issues with procedures fiscal and economic, which is why it is quite broad in comparison with other types of rights more summarized or delimited.

Commercial law is established on the basis that different members of society normally carry out various types of exchange that may represent profit or profit. Thus, commercial law will be interested in this type of exchange and not in those that do not mean some type of gain, to regulate them and keep them within the limits of the common regulation for all. In this way, commercial law seeks to establish parameters that must be respected by all those who take part in commercial activities in order to order and organize this type of Actions.

Each country or region has its own commercial law that tends to normalize and regularize relationships or ties of that type within the confines of its territory. However, there are also different international trade law treaties and regulations which is the one that applies when links or commercial exchanges are established between two or more nations.

Commercial law can be applied to all types of commercial exchanges that generate profits, whether they are between private companies, individuals, corporations, multinationals or even, as just mentioned, between countries or states different. As with other types of law, the foundations of commercial law have been formed on Previous customary elements that tended to regulate business practices more informal.