What is commercial law?

What is commercial law? This branch of law is understood as a set of rules that govern legal relations that appear in the process of carrying out activities related to commerce in Russia. When disclosing this concept, it is worth deciding what exactly is meant when talking about this type of activity and social relations that appear in its process.

What is commercial law?

First of all, it is worth paying attention to the fact that commercial activity is a special, specific type of activity that is carried out within the framework of property relations between citizens and organizations. Property relationships are those that can be valued in terms of value. First of all, such relations are market relations, which involve a paid exchange of goods and services, and are also associated with the development and use of intellectual property. But still it is worth considering: commercial law suggests that the scope of relations related to property is much wider than the scope of commercial relations. In this situation, the first and second are correlated as general and private, that is, all commercial relations have a property character, but not every property relationship is commercial.

Thus, commercial law has the main features of property relations, and on the other hand has its own specific features. First of all, these relations are always associated with the extraction of property benefits. And yet this profit is obtained only through the implementation of organized and carrying specific goals actions.

Types of relations under commercial law

By commercial activity is understood a well-organized activity that is carried out within the framework of property relations and is directly aimed at maximizing profit. Accordingly, commercial relations, which are the subject of this branch of law, are the relationships between the subjects of businessmen.

Commercial relations are entrepreneurial and non-entrepreneurial. Entrepreneurial relations are understood as independent activity with certain risks. It aims to systematically profit from the use of property, the sale of goods, the implementation of various types of work or the provision of services.

Subjects of commercial law

Only those entities that have special permission to trade on a professional level or in the charters of which trade is one of the tasks can take part in trade. These entities are legal entities, individual entrepreneurs, as well as special entities. Commercial law does not imply that individuals are its subjects.

Sources of commercial law

Commercial law is the sum of regulations. They contain the rules of law of various industries that regulate entrepreneurial activity.