11:06 PM Commercial Law - University of Law FLN | ||||
‘Commercial Law’ is a broad term used to cover a wide range of legal services designed to support businesses in making money out of their products and services. Intellectual property rights are crucial for creative industries such as publishing and fashion in particular, but also for manufacturers, in order to profit from innovation. Sales of all kinds, on a domestic and international basis, are contracts – meaning lawyers are needed. Specific arrangements – agency or distribution agreements – can be made to sell the goods or services more widely. Except in smaller firms, there is no such thing as a ‘commercial lawyer’, except in the sense that the term covers all lawyers whose clients are businesses rather than individuals. Every commercial lawyer will have a specialist practice area (e.g. Intellectual Property) or industry focus(e.g. Technology, Media Telecoms). A lot of the day to day work tends to involve drawing up a wide range of commercial agreements, as well as standard forms of words such as disclaimers for publicly visible documents such as catalogues and websites.
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