lso known as commercial law, it is responsible for ensuring the assets and resources of a company. In this sense, it studies, analyzes and establishes parameters to establish commercial transactions ( goods and services ) of a company with others with which it interacts.
Its objective, beyond guaranteeing the legal well-being of the company, is focused on protecting merchants from legal problems that may arise due to non-compliance with any regulation, commercial agreement ,
Organic law or regulations framed in international
On the other hand, it also ensures the rights and protection of consumers in accordance with the law and the partnership agreement .
What are the characteristics of commercial law?
If you have wondered what the characteristics of commercial law are, it is time for you to find out about the methods and implications specific database by industry of this specialty. Some of its most relevant characteristics are:
It is traditional, in the sense that it is governed by the commercial traditions of each country.
Importance of commercial law
Commercial law is the basis of the economy. It regulates all commercial relations and the exchange of goods and services. In our society, it would be unthinkable for there to be no regulation imposing conditions on v vašem imenu uredi commercial exchanges.
It is crucial for large, medium or small companies, as it protects and guides companies when generating contracts between themselves or with third parties,
And when carrying out agreed transactions
Thus, commercial law varies from country to country. And depending on its legal effects, it can influence the number and quality of transactions handled in a given time period and place, as well as attract more or less foreign capital. aleart news As you can understand, commercial law, although it is a specialization, is still central to the general economic functioning of any country.
What are the branches of commercial law?
Although it may not seem like it, if you want to dedicate yourself professionally to this field, you should know that there is a subdivision within commercial law. These are:
Banking law. Responsible for regulating this type of financial institutions.
Contract law. It is intended to oversee the legal implications of signing contracts.
Bankruptcy law. It takes care of the company in the management of debts and creditors.
Corporate law. Studies the forms of association of business entities.
Industrial property law. Dedicated to the operation and productivity of industries and their legal regulations.
