Commercial Contract
/kəˈmɜːrʃəl ˈkɒntrækt/
Definitions
- (n.) A legally binding agreement between parties for the exchange of goods, services, or commercial interests.
The company signed a commercial contract to supply materials for the new project.
- (n.) A contract specifically governed by commercial law, often involving merchants or business transactions.
Disputes arising from commercial contracts are typically resolved under the Uniform Commercial Code.
Forms
- commercial contracts
Related terms
See also
Commentary
Commercial contracts often include terms tailored to business practices and may invoke specific statutory frameworks such as the Uniform Commercial Code.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.