Areas of commercial law
A legal agreement by which a bank, building society, etc. lends money at interest in exchange for taking title of the debtor's property, a house, for example
Mortgage
LLP
Limited liability partnership
Any foreign country or geographic area outside a company’s home nation where goods, services, or investments are sold.
Overseas market
It is a mandatory, one-time government charge for registering a new business entity.
Incorporation fee
An officer of a company appointed to manage its day-to-day business affairs and make strategic decisions, a role held by people like Indra Nooyi at PepsiCo.
Director
A legal arrangement where a property owner grants a right of occupation to another party for a fee, known as rent, governed by both contract and property law. I
Landlord and tenant
WTO
World Trade Organization
A third-party go-between who facilitates transactions, negotiates, or communicates between a buyer and a seller
Intermediary
A legal statement signed by all initial shareholders agreeing to form the company andstating purposes of the company.
Memorandum of association
A type of lawyer in the UK who provides legal advice and prepares documents.
Solicitor
This area of commercial law governs contracts defining the rights and duties of shippers, carriers, and consignees.
carriage of goods
UCC
Uniform Commercial Code
A fee paid to an agent for arranging a transaction or providing services, typically calculated as a percentage of the total transaction value.
A commission
The official legal document that confirms a company exists as a separate legal entity and includes its name and registration number.
Certificate of incorporation
An individual appointed to act on behalf of another, a company, for example
Agent
Types of loan or credit arrangements where a lender (secured party) acquires a legal interest in a borrower's property (collateral), allowing the lender to repossess or sell the asset if the borrower defaults.
Secured transactions
IP
Intellectual property
A contractual principle meaning a service provider only receives payment if they successfully achieve a specific, agreed-upon result
No cure, no pay
The official documents required by law to be filed with a respective authority, such as the IN01 form used to incorporate a company.
Statutory forms
A professional who prepares financial statements, ensures tax compliance, and advises on financial strategy
Accountant
Signed, written documents acting as a formal, transferable IOU, promising to pay a specific amount of money on demand or at a set time.
Negotiable instruments
IRS
Internal Revenue Service
A contractual agreement or legal obligation where one party compensates another for specific losses, damages, or liabilities.
Indemnity
A unit of equity ownership in the capital stock of a corporation.
A share
An individual or entity (like a company) that authorizes another person to act on their behalf, control their actions, and enter into legal relationships with third parties.
Principal