Skip to main content

commercial law

commercial exploitation

Commercial exploitation is a term referring to all activities used to benefit commercially from one's property

  • Examples include making property, selling it, offering it for sale, or licensing its appropriation or use. 

Whether a party can commercially exploit their property depends on what kind of property it is and in what manner that property is owned. 

Taxonomy upgrade extras

commercial law

Commercial law is the broad area of law that covers virtually all business, commerce, and consumer transactions. Historically, the term commercial law tends to emphasize merchant relations with consumers or broader trade, but the term frequently is used to refer to any law that addresses business, including law protecting consumers. Given it's breadth, commercial law is made up of numerous categories of law, including:

contract implied in fact

A contract implied in fact consists of obligations arising from a mutual agreement expressed not through words but implied through actions. To support a contract implied in fact, facts and circumstances surrounding the actions must show a mutual intent to contract. Contracts of this sort are legally enforceable and are true contracts, meaning they can supersede or modify written contracts on the same topic. 

Taxonomy upgrade extras

contract implied in law

A contract implied in law, also known as a quasi-contract or a constructive contract, is an obligation created by law for the sake of justice or to avoid unjust enrichment. A contract implied in law operates as a valid contract for purposes of remedy only; the general rules of 

Taxonomy upgrade extras
Subscribe to commercial law