What is the commercial code?

The commercial code is the legal regulation followed by companies that serves to regulate their activities in monitoring their operations and commercial relations. Therefore, the concept of commercial code is defined as the legal legislation that regulates the activity of any company.

Of course, the characteristics of the commercial code vary according to which country. Each region has its own regulation of the commercial code but as a general rule they all have something in common: the definition of the company in question, the conduct and the standards to be followed in each exchange, purchase and sale transaction. The commercial contracts, for example, are regulated by the commercial code of each country.

Therefore, what the commercial code does is regulate the basic rules of what is known as private law to define a conduct that must be required and complied with by all parties within the same legal standard.

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