Commercial transactions make up a branch of business law in which an exchange for goods or services occurs between two or more parties for some monetary payment. Commercial transactions range from sales of goods and services and secured financing and credit agreements to product distribution and licensing agreements, software licensing, and product development agreements. Attorneys practicing commercial transactions are skilled at business and trade law.
Commercial transaction laws cover many facets of business
- Attorneys in commercial transactions handle many types of transactions. For example, every business has agreements for sales of goods and services, and supply arrangements. Also, many businesses have a need for marketing agreements, resale or distribution agreements, or franchising deals.
- General commercial litigation involves most disputes that can arise in business, including breach of contract, partnership disputes, class action lawsuits, specific business torts, breach of fiduciary duty allegations, and shareholder issues.
ALL PRACTICE AREAS
How can Dubail Judge help me with Commercial Transactions?
Lawyers specializing in commercial transactions can advise individuals, businesses, and corporations on the legal issues arising in the course of their business dealings. Our attorneys accept cases dealing with many different types of commercial transactions, including negotiation of agreements and development of standard terms and conditions for the sale of goods and services, contract management, and dispute resolution.
If you are unsure if your issue falls under the laws governing commercial transactions, reach out to an attorney at Dubail Judge today for a consultation.
Are secured transactions part of commercial law?
The law of secured transactions circulates around loans and can become important when an individual or a business borrows money for the purpose of acquiring property, like real estate, vehicles, or specific business equipment.
The person or business seeking to purchase an item can enter into a contract that allows a lender to take other collateral if the loan remains unpaid. No matter if you are looking to buy, sell, or lend, a lawyer specializing in commercial law can help you draft and finalize a contract most beneficial to your interests.
What laws govern commercial transactions?
The Uniform Commercial Code (UCC) has been adopted in all 50 states and governs all business and corporate interactions. The philosophy guiding the drafting and implementation of the UCC was to allow individualized contacts and to provide standard gap-fill for missing provisions in those contacts.
The UCC seeks uniformity and streamlining of routine transactions like the processing of checks, notes, and other routine commercial paper. Additionally, it distinguishes between merchants or business owners and consumers or the people that business serves.