COMMERCIAL LAW
It is a branch of private law that regulates relations and activities of a commercial nature, as well as the subjects that perform a legal framework for economic and commercial activities.
Objective of commercial law
Commercial law is a branch of private law that regulates commercial activities and acts of commerce, as well as relations between merchants, companies, and other market players. This law focuses on establishing a legal framework that promotes security and confidence in economic transactions.
Some key aspects of commercial law include:
- Commercial acts: Regulates activities such as the sale and purchase of goods, contracts, and the transport of goods, among others.
- Business regulations: Covers the incorporation, operation, and dissolution of companies and corporations.
- Commercial instruments: Deals with documents such as checks, promissory notes, bills of exchange, and other negotiable instruments.
- Market regulation: Oversees commercial practices, fair competition, and consumer protection.
Characteristics of commercial law
Promotes trade development, protects consumers, and resolves disputes arising from these activities.
Areas of application where commercial law can be found
Commercial law promotes trade by providing a secure framework for any commercial activity, and can be found in the following areas.
- Commercial acts: Regulates commercial transactions, such as the sale of goods, commercial contracts, and the transport of goods, among others.
- Commercial companies: Addresses the creation, operation, transformation, merger, and dissolution of companies and corporations.
- Credit instruments: Regulates documents such as checks, bills of exchange, promissory notes, and other financial instruments.
- Commercial contracts: Includes contracts such as sale, supply, franchise, leasing, insurance, among others.
- Industrial property: Protects assets such as trademarks, patents, industrial designs, and trade secrets within the commercial sphere.
- Banking and financial regulation: Covers rules on banking, stock market, and other financial operations in the commercial sphere.
- International trade: Regulates exports, imports, and international contracts, promoting global trade.
- Commercial dispute resolution: Establishes legal procedures for resolving commercial disputes through arbitration, mediation, or judicial proceedings.
- Market and competition regulation: Controls commercial practices to ensure fair competition and protect consumers.
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Frequently asked questions about commercial law
It is a branch of law that regulates commercial activities, commercial acts and legal relations between merchants and companies.
Applies to traders, entrepreneurs, commercial companies, financial intermediaries and any person who performs acts of commerce.
It regulates commercial contracts, corporations, debt securities, bankruptcy, economic competition and commercial activity in general.
Civil law regulates general private relationships, such as family, property and civil contracts.
Commercial law focuses on acts of commerce and relationships between merchants or entrepreneurs.
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