Commercial law is that branch of private law concerned primarily with the supply of goods or services by merchants and other businesses for profit. Persons dealing in business are entrepreneurs, employers, suppliers and purchasers of goods or services, partners or competitors of other undertakings. Commercial law, also known as mercantile law or trade law, is the body of law that applies to the rights, relations, and conduct of persons and businesses engaged in commerce, merchandising, trade, and sales. Business law focuses on the other aspects of business, including forming a company, mergers and acquisitions, shareholder rights, and property issues such as leasing office or warehouse space. Commercial Law The notion of commercial law covers a wide variety of fields of law, regulating first of all the most various legal relationships of undertakings. Commercial law focuses on the sale and distribution of goods, as well as financing of certain transactions. Typically, commercial law practice involves human research as it pertains to, but not limited to, contracts, the sale of goods, taxation, insurance, and hiring. Commercial law involves legal problems that can occur in the running of businesses and commercial transactions. The Scope of the Law of a Contract There are numerous aspects of commercial law, and sometimes it's difficult to define all areas. A broad concept that describes the Substantive Law that governs transactions between business entities, with the exception of maritime transportation of goods (regulated by Admiralty and Maritime Law). Clients that come to commercial law firms include large businesses, governments, banks, insurance companies and more. Its predominant concerns are contract and tort law. This area of law deals with matters relating to commerce and trade between businesses and consumers, and it also reaches out into areas of employee contracts, business contracts, financial transactions and more. Textbooks on commercial law frequently differ on the range of topics treated in them. Commercial Law. Commercial law is one of the most important legal areas of your business.