Commercial law is a body of law that regulates the conduct of persons, merchants, and businesses who are engaged in trade, sales, and commerce. Also known as business law, it is a broad area of law that interacts with many other areas of law such as environmental regulation, real estate, and food/safety laws.
Commercial and business laws are associated with some distinct legal issues. Contract violations form a major part of most commercial law legal issues. Transactions between businesses and with customers often involve a contract, and legal issues can frequently arise in connection with the terms of that contract. In particular, a breach of contract can cause significant losses for either party.
In addition to contract issues, common commercial law legal issues include:
- Advertising and marketing disputes and violations
- Unfair competition issues
- Starting a new business
- Transferring or terminating a business
- Consumer complaints
- Protection of intellectual property and trade secrets
As mentioned above, commercial disputes can often involve a mixture of different laws in other areas, such as environmental law or real estate law.
Unlike other areas of law such as criminal law, commercial law disputes can involve a number of options in terms of dispute resolution. Depending on the type of violation or conflict involved, commercial law disputes can involve remedies such as:
- Monetary damages for losses
- Breach of contract remedies such as contract rescission
- Equitable remedies such as an injunction
- Business mediation or other alternative dispute resolution methods
Remedies can often be different depending on whether the liable party is a commercial merchant or an average citizen. Also, some commercial law disputes require a class action lawsuit if many people have been affected by the same issue.
Commercial law disputes can often be complex and may involve a variety of different laws and statutes. You may need to hire a commercial lawyers in your area if you need assistance with any commercial law issues. Your lawyer can provide you with legal advice, research and other services to help with your claim. Also, if you need to file a lawsuit or attend any court meetings, your attorney can provide you with legal representation in court as well.