commercial law

Commerce

In 15 U.S.C. §1127:

1) The exchanging, buying, or selling of things having economic value between two or more entities, for example goods, services, and money. Commerce is often done on a large scale, typically between individuals, businesses,...

Commerce Clause

Overview

The Commerce Clause refers to Article 1, Section 8, Clause 3 of the U.S. Constitution, which gives Congress the power “to regulate commerce with foreign nations, and among the several states, and with the Indian tribes.

Congress has...

Commercial Exploitation

Term that includes 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.

See, e.g., Patent.

Commercial Law

commercial law: an overview

Commercial law governs the broad areas of business, commerce, and consumer transactions. Specific law has developed in a number of commercial fields. These include:

BankingBankruptcyConsumer creditContractsDebtor and...

Commodity Classification Request

The Bureau of Industry and Security (BIS) is responsible for implementing and enforcing the Export Administration Regulations (EAR), which regulate the export and re-export of many commercial items that also have a military or...

Conscious Parallelism

Definition from Nolo’s Plain-English Law DictionaryPrice-fixing between competitors that occurs without an actual agreement between the parties. For instance, one company raises its price for a service and other competitors do the same. Can also be used...

Construction Lien

A type of lien that gives contractors a security interest in property until they have been paid for their work on that property. Essentially, a mechanic's lien by another name.

Constructive Fraud

Under contract law, a defendant can be liable to a plaintiff for constructive fraud if there was: (1) a false misrepresentation; (2) in reference to a material fact; (3) for the purpose of inducing the other party to rely on such representation; 4) on...

Contract Implied in Fact

Definition

Consists of obligations arising from a mutual agreement and intent to promise where the agreement and promise have not been expressed in words. Such contracts are implied from facts and circumstances showing a mutual intent to contract, and...

Contract Implied in Law

An obligation created by law for the sake of justice or to avoid unjust enrichment. Operates as a valid contract for purposes of remedy only; the general rules of contract do not apply to contracts implied in law. Also termed a quasi-contract or a...

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