Commercial law can also be referred to as corporate law or mercantile law. Mercantile law talks to the idea of merchants and traders because commercial law talks specifically to those who are dealing in a business of exchanges and transactions, whether that’s for products or services. Anytime there’s a sale or purchase of goods or services, commercial law would be considered an important feature along with contract law. If you are hoping for a career in commercial law and law of contracts, you’d be dealing specifically with legislation that refers to any business transaction between any organisation and their clients.
Commercial Law also involves the process of drafting various types of agreements between parties involved in a commercial transaction.