The codes that govern commerce, business organization and private economic dealings between merchants and companies: contracts of sale, negotiable instruments, company formation, and the general law of business obligations. Belongs here: a national commercial code (Germany's historical and modern Handelsgesetzbuch, the United States' Uniform Commercial Code) and a code of obligations whose core content is commercial and contractual (Switzerland's Code of Obligations). Does not belong here: a general civil code that covers personal and family law alongside property and contract, which belongs in this atlas's Civil Codes subcategory even where it also touches commercial matters, and a code of court procedure, which belongs in Codes of Civil and Criminal Procedure.
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Defining CharacteristicCommercial law, also known as business law, is the body of law that governs the rights, relations, obligations, and conduct of persons and organizations engaged in commercial and business activities. 1 All Commercial and Business Codes
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1. Commercial law (Wikipedia)
WikipediaCommercial law, lead sectionQuote, Commercial law, lead section
Commercial law, also known as business law, mercantile law or trade law depending on jurisdiction, is the body of law or system of rules that govern the rights, relations, obligations, and conduct of persons and organizations engaged in commercial and business activities.
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