- Fees: ₹ 60,000
- Exams: CLAT PG
What is Commercial Law
Commercial Law is a subject that deals with Business Law. The course focuses on teaching students the way business firms enter certain contracts and how work is done by them. The subjects focus on how the laws are undertaken in business and how it is used. The main objective of this course is to teach students how the Law is handled and what is covered in the subject and how Law is used under certain circumstances.
The candidates who have a keen interest and are willing to learn about the aspects of Law, then a career in Commercial Law is a great choice for you.
Pursuing a course in Commercial Law provides the students with a wide range of career opportunities by giving them a deep knowledge of the trade and business law. The individuals are hired as Corporate Lawyer, Legal researcher, etc.
Eligibility Criteria (UG & PG) of Commercial Law
The eligibility criteria for Commercial Law differs from college to college. The minimum eligibility criteria is a minimum aggregate of 50% marks or equivalent from a recognized board.
The minimum eligibility for an Undergraduate is, he/she should qualify the 12th examination from a recognized board or university. The minimum eligibility criteria are a minimum aggregate of 50% marks or equivalent.
If the individual wishes to pursue the course as a Postgraduate degree, then he/she must hold an LLB degree from a recognized board.
The minimum eligibility criteria differ from one college to another, depending on the individual’s eligibility.
Entrance Exams for Commercial Law Courses
There are entrance examinations for Commercial Law conducted by the colleges in order to procure admission to the individual. Some of the entrance examinations are:
- CLAT - Common Law Admission Test is conducted at the national level for individuals to 22 National Law Universities in India. After qualifying the exam, the individual is given admission to national law universities.
- LLM (CLAT PG) - Common Law Admission Test PG (Post Graduate) is an entrance examination that is conducted for procuring admission in 21 National Law Universities.
- AILET - All India Law Entrance Test is an examination that is conducted to give admissions to the individuals who are eligible for the study of Law.
These are the entrance examinations conducted in order to obtain admission in 22 National Law Universities to pursue the course.
Scope of Commercial Law in India and Abroad
The scope of Commercial Law courses is tremendous not only in India but abroad as well. The need for professionals in this field is increasing on a daily basis. It explores opportunities as legal officers in this field.
The course of Commercial Law has a huge scope giving career opportunities to the individuals in the field. They are further hired in various organizations like KPO, LPO, etc. The scope of this field keeps expanding with more and more business firms coming up.
With the advancement in technology and the rise in the number of businesses, the need for commercial lawyers is increasing day-by-day. It is very important for the students to understand the importance of Law used to govern business.
Pursuing a course in Commercial Law gives students the opportunity to learn about new businesses and how to govern them through the use of Law. After the successful completion of this course, the individuals are hired as Legal Counselor, Business Lawyer, Commercial Lawyer, etc.
Course Fees Commercial Law
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The course subjects for Commercial Law give the students a broad understanding of the subject and make sure they get the required knowledge. The course includes subjects that enhance the understanding and makes the student better in the subject. The subjects include the subjects that focus more on Law and its understanding.
Some of the Commercial Law subjects included are:
- Insurance Laws
- Research Work
- Economic tribunals
- Capital market laws
- Free trade agreements
Careers in Commercial Law
The law professionals have plenty of career options. After the successful completion of the course, there is a wide scope of career opportunities where the individual can apply. The career opportunities in the field of Commercial Law are based on the candidate’s performance.
The careers in this course are:
Since the COVID-19 outbreak, the number of cases regarding legal issues is increasing day-by-day. With the advancement in technology, legal solutions are digitized. Everything is getting digitized, the workshops regarding the legal practices are happening online, giving a scope to the individuals in Commercial Law.
As smartphones are becoming more and more common, lawyers are getting a chance to work in remote areas frequently by connecting with them through digital media. With the advancement in technology, the lawyers have started working as freelancers. The freelancers in this field are increasing day-by-day. The documents can now be saved in smartphones with new applications coming up. So, there is no need to carry paperwork everywhere.
Commercial Law is a profession that keeps growing with new businesses coming up. The profession is years old with very well known professionals working in this field. The pandemic has made everyone so used to digitalization, that everyone finds it easy to connect visually. The need for professionals is also increasing in this field with new techniques coming up.
Some of the upcoming topics in this course are:
- Going Paperless
- Legal Tech
- Social Media
- Legal Process Outsourcing
Job Profiles and Top Recruiters
Commercial Law is one of the professions that is never going to stop and is going to keep growing. After the successful completion of this course, there are many career opportunities in this field. Some of the job profiles for Commercial Law are mentioned below:
The main responsibility of a Legal Officer is to look after the cases and take action on it. He/she has to ensure that the legal action taken is best for their client. They are also responsible for monitoring and giving advice to their clients.
The Legal Advisor has to look after the case and give them advice in order to take legal action. They have to prepare documents, and also provide legal support. They also have to look after the contract between the vendors and the one who is doing business.
Commercial Lawyers have to deal with the business matters and also look after the commercial matters. They have to assist in transactions, documents, etc.
A Legal Researcher is responsible for looking after the research that is done. He/she has to undertake the aspects of Law and do in-depth research regarding the same. The main focus is to learn about certain areas of Law.
The Legal Assistant is responsible for assisting the higher lawyer in assisting the documents, gathering information, etc. They also help the lawyers with the trial.
Some of the recruiters in this field are:
The average starting salary for Commercial Law for freshers is 16,000 and differs according to the job profile and work experience. The salary package also depends on the candidate’s overall performance.
Some of the job profiles and salary package are as follows:
Rs. 4 to 6 lakhs p.a. (approx.)
Rs. 2 to 4 lakhs p.a. (approx.)
Rs. 2 to 4 lakhs p.a. (approx.)
Rs. 2 to 4 lakhs p.a. (approx.)
Rs. 3 to 5 lakhs p.a. (approx.)
**The salary figures mentioned anywhere in this article is just for reference purposes. Please treat them as such. Actual salaries may vary depending o
Required Skillset for Commercial Law
Every professional needs some required skills in order to get the best outcome. The candidates must possess certain skill sets in order to perform better at their job. Some of the required skill sets for Commercial Law are:
Analytical ability - The individual should be able to analyze the problem and find the solution according to the problem. They have to make decisions based on certain factors and then take the decision accordingly.
Attention to detail - It is very important to accomplish a task with accuracy. It is very important to look after every minute detail accurately without making any mistakes. Most of the candidates have this skill on their resume.
Sound judgement - This is one of the most important and a must skill that the lawyer is required to have. It is the ability to assess situations and make sound judgement that comes to sound conclusions.
Writing ability - The individual should possess writing skills to quickly write down the opinions. He/she should be quick in writing what the person in the court is saying and simultaneously draw conclusions.
Persuasiveness - The individual must be able to convince the person to accept the certain in order to get the desired result. Your convincing power should be strong in order to convince the other person in front of you.
Course Curriculum for Commercial Law
Law is altogether a subject that deals with understanding the legal procedures, Law and justice, etc. The Commercial Law course’s main focus is to look after the operation of commercial Law in both international and national business. Some of the course curriculum for Commercial Law includes:
- Foreign trade policies
- Banking and Finance Law
- Philosophy of Law
- Corporate legal framework
Popular Commercial Law Entrance Exams in India
Popular Commercial Law Colleges in India VIEW ALL
Frequently Asked Questions (FAQs)
Question: What is Commercial Law, and what are the subjects covered in this field?
Commercial Law is a course that deals with the Law that is required in businesses. The Law deals with supporting businesses in making money for their products and services. Commercial Law is a subject that deals with Business Law. The course focuses on teaching students the way business firms enter certain contracts and how work is done by them.
The subjects covered in this field are Insurance Laws, Research Work, Economic tribunals, Capital market laws, Free trade agreements, and others.
Question: What is the basic eligibility criteria for securing admission in Commercial Law?
The basic eligibility criteria for Undergraduates is 10+2 pass with a minimum aggregate of 50% marks or equivalent. If the individual wishes to pursue the course as a Postgraduate degree, then he/she must hold an LLB degree from a recognized board. There are certain universities that conduct entrance examinations.
Question: Why is Commercial Law so important?
Commercial Law is important because that Law governs the businesses. It helps to look after the trade between business and consumers. The Law is designed to look after the trade between businesses and the consumers by following a certain set of rules.
Question: What does Commercial Law deal with?
The Commercial Law deals with the Indian Contract Act, that includes the general principles of Law and the contracts between customers and businesses. It is very important to study Commercial Law so as to understand the various aspects of Law and how it is used in businesses.
Question: What are the various job profiles after completing this course?
After the successful completion of this course, there are zillions of career opportunities and opens the door to a wide range of jobs such as Legal Advisor, Corporate Lawyer, Civil Judge, Enforcement Officer, etc. It is very important for the individual to understand the Law and also the subjects in order to enhance their skills and get a broad understanding of the course.
Question: Is Commercial Law a difficult course?
The subjects in Commercial Law are quite difficult to understand, but it depends on the individual on how their understanding of the subject. The area of Law is challenging and needs time and effort in the career. There is nothing such as tough or easy; it depends on the individual how he/she studies the subjects in order to get better at it.
Question: Is there any specific entrance exam to secure admission in Commercial Law?
There are specific entrance examinations that are required to be given by the candidate in universities. Some of the entrance examinations are CLAT, LLM (CLAT PG), GATE, etc. The entrance examinations are national-level examinations to give admissions in the national universities. It is important for the candidate to qualify the examination to get admission in the top universities that offer the law courses.
Questions related to Commercial Law
what is the syllabus of commercial law for b.com e commerce 3 sem?
Hope you are doing fine!
Please specify the college you are studying in so that we can help you better,
Generally the syllabus for third semester includes the following subjects:
The practice of General Insurance.
Banking Theory and Practice.
what is commercial law and what are the opportunities in the company side
Let me first help you out with the definition of commercial law- Commercial Law can be referred as the the body of legislation that applies to the rights, relations, and conduct of persons and business engaged in commerce, merchandising, trade, and sales.
Since as the term suggests, there is an ocean of opportunities available for your such as you can be a business lawyer, corporate lawyer, and like that.
which is best in llm does business law or corporate law or commercial law
Here are some of the best LLM colleges for corporate Law in India:
To know more LLM Corporate law colleges visit the link below:
For LLM Business Law some of the best colleges:
I hope this answer helps. All the very best for your future endeavors!
best colleges for commercial law in India
Kushagra, some commercial law colleges in India have been listed here:
- Maharashtra National Law University, Mumbai
- University School of Law and Legal Studies, New Delhi
- National Law University, Cuttack
- Manikchand Pahade Law College, Aurangabad
- Kirit P Mehta School of Law, Mumbai
- Damodaram Sanjivayya National Law University, Visakhapatnam
- CRM University School of Legal Studies, Bangalore
For more details on the fee structure, courses, admission process, etc you can visit the given link: https://law.careers360.com/colleges/list-of-commercial-law-colleges-in-india?sort=popularity&page=1
Commercial law up ki kis university se hota hai.
Hello Sir. Commercial Law is a business law which is applied in business activities including trade and commerce. The study of commercial law deals with the law undertaken in a business which regulates corporate contracts, rules and regulations related to manufacturing and sales of consumer goods. The course focuses on the operation of the commercial law on international and national business taking place in the country like in the case of exports and imports. Students pursuing the course are taught through internships with commercial lawyers. The universities offering this course are: