Commercial law is the branch of civil law which governs commercial transactions. Commercial law thus includes provisions relating to the legal relationship between the merchant and his business partners, as well as competition and corporate relations with other entrepreneurs. In addition, the accounting and record-keeping responsibilities for merchants are derived from commercial law. The most important source of law is the German Commercial Code. Closely connected to this is company law, which is also regulated by the Commercial Code in respect of OHG, KG, and dormant companies.
Even the merchant status of one party is not uncomplicated from a legal point of view and this can lead to problems in business. The reason for the necessary differentiation is that, under the Commercial Code, a merchant can be both privileged and disadvantaged. Legal transactions in commercial law should normally be handled quickly and easily. Merchants are not covered by protection for transactions with each other, according to the legal concepts, unlike consumer transactions with merchants. However, especially because of the short time spans, discrepancies and ambiguities often arise in commercial law. If these are not resolved, disagreements may result in substantial losses on both sides of the contract.
Our lawyers at GRP Rainer will be happy to offer you comprehensive advice on any legal questions you may have relating to commercial law. On the one hand, we will clearly explain your rights and obligations as a merchant; on the other hand, our lawyers will help you assert your legal and economic interests.
Are you a commercial agent or do you want to collaborate with a commercial agent? Let yourself to be advised by one of our competent lawyers at GRP Rainer. Our lawyers will help you enforce your rights to compensation and commission.
It is essential to receive expert advice, especially in the case of distribution law and franchise law, because only thus can these services and/or products be utilised in a legally binding manner. In the age of a globalized economy, our vision is specially orientated towards the aspects relating to international commercial law and sale of goods law.