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Commercial laws broadly cover areas of law that deals with business-to-business and consumer-to-business transactions, as well as employee contracts, business contracts, financial transactions, and any other commercial transaction. Commercial laws govern the rights, relationships, and actions of people and businesses involved in commerce, merchandising trade and sales. Commercial laws are more often seen as a leg of civil law that deals with both private and public law issues.
The commercial laws in India, inter alia, are The Indian Contract Act, 1872, the Sale of Goods Act, 1930, the Indian Partnership Act, 1932, the Limited Liability Partnership Act, 2008, Micro, Small and Medium Enterprises Development Act, 2006 and the Companies Act, 2013.
We, as a firm, can work both as your advisors and legal representative before any judicial or quasi judicial authority. As advisors, we assist our clients in drafting contracts, drafting legal papers, issue legal opinions, reviewing business transactions and drawing its standard procedure and policies along with negotiating on behalf of clients for the terms of a contract or any business transaction.
On the other hand, we also represent our clients before any judicial or quasi judicial authority during litigation due to any commercial disputes, business disputes, recoveries, shareholders disputes, etc.
It is critical that the terms and conditions in a contract or a business transaction are reviewed and finalised with the help of a legal advisor for the smooth, fair, and lucrative operation of enterprises in every sector of commerce and the economy.
Our advisory clients have an advantage as we advise, negotiate and strategise the terms and conditions and various other clauses in a business transaction or a contract, keeping in mind the practical and arbitrary situations, that may arise during the litigation.
