If you recently started a business or plan to do so, you may have felt the need to look into the relevant laws and regulations that you must comply with. You may have spoken to Boutique Consulting Firms to get a clear and accurate idea about the law, but it’s quite likely that you merely looked up the different disciplines of law online.

Whether it is criminal, tort, property, or administrative, there are a number of disciplines that are mainly categorised as public law and private law. While reading about the history of the system as well as various legal cases is interesting, legal terms and definitions can be quite confusing, especially for someone without a legal background.

While doing your research you may have come across corporate law and commercial law. Since, in day to day use, the words commerce and corporate both deal with business, so you may wonder about the differences between the two as disciplines of law.

Commercial law

As a body of law, commercial law regulates the conduct of the individuals, merchants, and businesses engaged in trade, sales, and commerce. Commercial law looks at areas like environmental regulation, real estate, and food and safety, as well as company bankruptcy, principal and agent relationships, and sales of products and services. Some of the main subcategories include consumer protection, trademark law, labour law, and contract law, so if you want to draw up contracts for your new venture, you may want to speak to a commercial contract lawyer. Many topics and elements related to starting and managing a business are covered by commercial law, which is why you may feel the need to talk to the commercial law firms in your area. You may look up commercial solicitors near me to find the top names in your area, but do you need a commercial contract lawyer if you are yet to run into any legal trouble?

While you may not have broken the law, you may have various legal concerns. If you are drawing up contracts, you may have questions regarding wording and terms. Before signing a contract, you will want to go through the document carefully but you may find that you don’t understand some of it. This is when commercial law firms or a commercial contract lawyer, to be more specific, can help you. By hiring one of the commercial litigation solicitors in your area, your legal concerns will be met with practical and specific advice. In addition to this, a commercial solicitor will point out relevant and important aspects of the law so that you can avoid a breach of contract or non-compliance. This is why it’s important to hire a commercial lawyer and you can find the top lawyers from commercial law firms in your area by looking up commercial solicitors near me.

Corporate law

While looking for business solicitors, you may have seen that some specialize in corporate law. What is corporate law and how does it differ from commercial law? While it is related to commercial and contract law, corporate law governs the establishment and operations of corporations, which are a legal, artificial entity that is separate from its shareholders and owners. Mergers, licensing arrangements, and joint ventures are some of the areas company law solicitors will help you with and corporate law applies to organizations like banks, insurance companies, and multinational companies. Like commercial law, corporate law too has a number of subcategories. These include business formation laws, employment and hiring laws, environment laws, and zoning laws.

When looking at commercial law firms, you may have come across company law solicitors. This is because, despite being two different areas of law, corporate and commercial law have certain similarities. If, however, you feel like corporate law is what you need to be more concerned with, a few benefits of hiring business solicitors include administering a merger or acquisition, negotiating and signing leases, and protecting intellectual property.

Now that you have a clear idea of the differences between commercial law and corporate law, you will be able to decide if you should hire commercial litigation solicitors or company law solicitors. By doing so, you can ensure compliance with relevant laws with your business or corporate dealings as well as specific and useful advice for your legal concerns.

Published date - April 4, 2020