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What do we mean by commercial law?

Whilst company and corporate law is more concerned with the internal and external governance of a business, commercial law is a term used to describe the other day to day legal affairs and issues that businesses face whilst trading.

This is an extremely broad subject area which is difficult to describe exhaustively, but the more common enquiries relate to commercial contracts of various types, including IT contracts.

The risk here is that by further describing examples of where contract solicitors can help, this is seen as limiting - so please be assured that what follows are purely examples - Agency and distribution agreements, franchising, joint ventures, collaboration agreements, consultancy agreements, lease hire and maintenance agreements, reseller agreements, licences, IPR assignments, sponsorship, supply of goods and services, terms if business, and many, many more.

Specialist lawyers

By way of example of the breadth of this area of law, lawyers do like to specialise in narrow areas of law so whilst you will hear of people referring to themselves as IP lawyers, or Intellectual Property Lawyers, the reality is that they are commercial lawyers who spend more time dealing with intellectual property as the subject matter of their contracts. The bones of the documents they are working on are typical commercial contracts.

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