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Commercial Law, also known as Mercantile Law or Trade Law, is a branch of law concerned with trade, industry, and commerce. Contract violations, advertising and marketing disputes, unfair competition, consumer complaints, and intellectual property protection are some of the common legal issues regulated or resolved by Commercial Law.
We will provide you with comprehensive information about Commercial Law, including its courses, subjects, syllabus, eligibility, entrance exams, job profiles, and much more. Continue reading to learn more about Commercial Law.
Commercial law is a broad field with many subspecialties. The highlights of commercial law that every aspirant should review before applying for the course are depicted below:
Course Name | Commercial Law |
Programmes Offered | Undergraduate, Postgraduate, Diploma, Certificate |
Type of Exam | Semester-wise |
Eligibility Criteria | Depending on the programme |
Process of Selection | Either through merit or through entrance exam |
Commercial law, as the name implies, is concerned with business law. It is a branch of law that focuses on business-related activities such as commerce and trade. Commercial law encompasses all business-related laws. The law primarily governs rules, regulations, and corporate contracts pertaining to consumer goods sales and manufacturing. Aspirants pursuing a law degree with commercial law as a specialisation will cover fundamental topics such as debtor-creditor relationships, agency, contracts, business organisations, and government regulation of business. Students gain a clear understanding of the legal principles that govern business through commercial law. They would also gain a better understanding of the businesses and trades involved in merchandising, trade, sales, and commerce.
The demand for commercial lawyers is growing in tandem with the development of the business field. Pursuing commercial law provides students with a wide range of opportunities because the specialisation allows them to develop a thorough understanding of trade and business laws. Candidates can study Commercial Law at the graduate, postgraduate, diploma, and certificate levels. Before applying to a law institute or course, law students must meet the eligibility requirements.
Students interested in Commercial Law Courses can apply in a variety of ways. There are various levels of courses, such as certificate courses, diploma courses, etc.
Online Course/Diploma Course | Only candidates who have previously studied law may apply for the various online certification courses. |
Undergraduate Courses | Candidates who have completed Class 10+2 in any stream and have passed any All India Based Law Test are eligible to apply. An Intermediate Humanities background will be advantageous. |
Postgraduate Courses | Must have LLB degree with 60% marks and cleared any law entrance test. |
Commercial law eligibility criteria differ from college to college and programme to programme. Candidates are advised to read the separate eligibility criteria laid out by the preferred college because it simplifies the admission process. The conditions that an aspirant must meet for Commercial Law are listed below.
Each aspirant who wishes to be admitted to the desired college must go through the college’s admission process. The admission process that colleges go through before offering a seat to a student is detailed below.
A Commercial Lawyer’s job is not easy, and many skills are needed from time to time to effectively discharge the duties. However, the critical skills always perplex students, so we compiled a list of skills that are very important for a Commercial Lawyer with the help of the ZIPPIA website.
Here are some of the most important Commercial Law skills that candidates seeking a career in the field should have:
Candidates seeking admission to Commercial Law degree programmes at various universities and colleges should consider taking the following entrance exams:
The commercial law syllabus varies by programme and college. Examine the subjects that a candidate may encounter while pursuing a commercial law programme.
Introduction to Commerical Law | Derivatives in Legal Context |
Insurance laws | Commercial Banking |
International Trust law | Free trade agreements |
Philosophy of law | Procurement laws |
Competition laws | Capital market laws |
Economic tribunals | Research work |
Banking and Finance Law | E-Commerce |
Dissertation and Viva-voce | European procurement law |
Corporate legal framework | Foreign trade policies |
Commercial Law has many specialisations, which can be obtained by enrolling in the Postgraduate programme, i.e. LLM. The following information is provided for each specialisation:
After completing a degree in the specialisation of Commercial Law, a plethora of opportunities will knock on the aspirant’s door. Following completion of their commercial law specialisation, students can pursue the following career paths.
Job Profile | Description |
---|---|
Legal Manager | A Legal Manager is a professional tasked with reviewing, checking, drafting, and managing business contracts. |
Contract Attorney | These people are in charge of all transactional work as well as cross-checking the various elements and aspects of legal contracts, reviewing them and making corrections. |
Legal Advisor | These individuals must go over the issues, highlight, identify, and manage the risks involved in a specific case. |
Legal Researcher. | These professionals are in charge of conducting all legal research for any given case. |
Check out the following list of top Commercial Lawyers recruiters in India:
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