Commercial Contracts

The term commercial law describes a wide body of laws that govern business transactions. The primary authority that governs commercial transactions is the Uniform Commercial Code (UCC). By definition, commercial contracts represent a combination of commercial and legal factors. For businesses and organizations, the key requirement is to ensure that the legal arrangements allow the full commercial benefits to be realized. This is FindLaw’s collection of Commercial Contracts articles, part of the Business Operations section of the Corporate Counsel Center. Law articles in this archive are predominantly written by lawyers for a professional audience seeking business solutions to legal issues. Start your free research with FindLaw.

Business Operations

Commercial Contracts Articles

U.K. To Implement E.U. Distance Selling Directive

International business-to-consumer sales are likely to see some change as the United Kingdom stands poised to codify the Consumer Protection (Contracts Concluded By Means of Distance Communications) Regulations 2000 (“Regulations”), an ...
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U. S. Bank Regulators Propose Revised Risk-Based Capital Rules

The United States federal bank regulators are proposing to revise their risk-based capital standards. The proposal would significantly change the risk-based capital treatment of most securitization transactions. The OCC, the Federal Reserve Board ...
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U.S. Supreme Court Update

© Originally published in CommuniquÃ© (November 2003, Vol. 24, No. 11), the official journal of the Clark County Bar Association. All rights reserved. Among the cases to be decided by the U.S. Supreme Court during 2003-2004 are three that should be ...
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UCC Article 2A: Friend or Foe?

Uniform Commercial Code Article 2A is a proposed set of laws relating to personal property leasing. As of this writing, Article 2A has been adopted in 47 states and the District of Columbia (excluding only Louisiana, South Carolina and Vermont ...
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UK Enacts Third Party Rights Statute

On November 11, 1999 the Contracts (Rights of Third Parties) Act 1999 became law in England and Northern Ireland. The act will apply to contracts governed by English law or the law of Northern Ireland entered into beginning May 11, 2000. It will ...
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Unconscionability in a Commercial Setting

Imaging Financial Services, Inc. v. Graphic Arts Services, Inc., 172 F.R.D. 322 (N.D.Ill. 3/28/97). UNCONSCIONABILITY - Graphics Arts leased various pieces of equipment from Imaging. The obligation to pay was unconditional and there were the usual ...
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United States Supreme Court Hears Challenge to Twenty-Year Old Agent Orange Class Action Settlement

On February 26, the United States Supreme Court heard argument in a case with far-reaching implications for any company that has been a party to a mass tort class action settlement or may in the future be a party to mass tort litigation. The Court's ...
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Vendor Repurchase

American Network Leasing Corporation v. First Data Merchant Services Corporation, 1997 WL 534827 (N.D.Ill. 8/21/97). VENDOR REPURCHASE - In an unusual decision, oral modification of a written vendor/lessor agreement was enforced where the parties ...
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What is Franchising?

Franchising is a method of distribution of goods and services. A franchise arrangement consists of the: (1) franchised business; (2) franchisor; and (3) franchisee. The "franchised business" is the actual business idea or concept that is the subject ...
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What to Consider in a Bioinformatics-Related Transaction

With sufficient fanfare, the race to sequence the human genome ended about a year ago when the publicly funded Human Genome Project and private company Celera made their research public. Likened to Watson and Crick's breaking of the DNA code in ...
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