Commercial law focuses on the sale and distribution of goods, as well as financing of certain transactions. Commercial law is primarily regulated by the Uniform Commercial Code (UCC), which is a model set of laws regarding the sales of goods, leases of goods, negotiable instruments, and secured transactions. All states have adopted some form of the UCC, though each state is free to make its own modifications to the laws as it sees fit. Because many states have modified at least some of the UCC provisions to fit their needs, it is important to hire a lawyer familiar with the UCC as it has been enacted in your state. Other commercial law terms to know include:
Each industry faces its own unique commercial law issues. An attorney with experience in the type of business that your company conducts will be able to help you find legal solutions that also take business ethics and industry practices into consideration.