Commercial law is a branch of legal practice that deals with the laws and regulations governing business activities. It covers various areas such as contracts, sales, commercial transactions, intellectual property rights, employment law and taxation. The main objective of commercial law is to ensure that businesses operate within the confines of the law while minimizing their risks and liabilities. For instance, in contract law, parties are required to abide by specific terms and conditions outlined in an agreement they have entered into. Failure to adhere to these terms can lead to disputes which may result in litigation. Additionally, commercial lawyers help businesses navigate through complex regulatory frameworks imposed by government agencies such as tax authorities or trade regulators.

Commercial law is an essential aspect of business operations as it governs the conduct and relationships between businesses, their customers, employees, suppliers, and other stakeholders. This area of law covers a broad range of topics such as contracts, intellectual property rights, competition law, consumer protection laws, and international trade agreements. According to a report by the World Bank Group in 2020 on ease of doing business rankings across countries globally; precise commercial laws can help improve the regulatory environment for businesses leading to economic growth. Additionally they also provide legal recourse when disputes arise which helps maintain order and stability in commerce. For more information, please refer to the info-graphic below.