Commercial law is a branch of law that governs business and commercial transactions. It covers a wide range of issues, including contracts, sales, and the rights of consumers and businesses. This area of law ensures that businesses operate fairly and that disputes can be resolved through legal means.
The main purpose of commercial law is to provide a framework for conducting business activities. It helps protect the interests of all parties involved, including merchants, consumers, and investors. By establishing clear rules and regulations, commercial law promotes trust and efficiency in the marketplace.