The Commercial Act refers to a set of laws that govern commercial transactions and business activities. It outlines the rights and responsibilities of parties involved in trade, including contracts, sales, and partnerships. This legal framework helps ensure fair practices and provides mechanisms for resolving disputes. In many countries, the Commercial Act is part of a broader legal system that includes regulations on corporate governance, consumer protection, and intellectual property. It aims to promote a stable and predictable environment for businesses, encouraging economic growth and protecting the interests of both consumers and entrepreneurs.