Commercial Law: An Overview

Commercial Law: An Overview

Commercial law, also known as business law, encompasses the body of law that governs business and commercial transactions. It is a broad field that regulates various activities within the realm of commerce, ensuring that businesses and individuals engaged in trade adhere to legal standards that promote fairness, competition, and transparency. Commercial law governs everything from the formation of contracts to the sale of goods, dispute resolution, and the regulation of corporate entities.