Commercial transactions refer to the exchange of goods, services, or assets between businesses or individuals for monetary compensation. These transactions can occur in various forms, including sales, leases, and contracts, and are governed by laws and regulations to ensure fairness and transparency. In a commercial transaction, both parties typically agree on terms such as price, delivery, and payment methods. Common examples include purchasing products from a retailer, hiring a contractor for services, or entering into a lease agreement for property. Proper documentation, like invoices and contracts, is essential to protect the interests of all parties involved.