The Commercial Law is the set of norms related to the traders in the exercise of its profession, to the acts of trade legally qualified as such and to the legal relationships derived from the accomplishment of these. This law has the free trade as bases.
A relationship is considered commercial if it bases itself on an act of trade. The current commercial law concerns these acts, of which they are intrinsically, even if in many cases the subject who carries them out does not have the quality of trader (Objective system).
It is one more branch of the private Law (being the other one the Civil Law), that it concerns the sole proprietors and social, to the companies, in its legal status as for the exercise of the economic activity, as well as as for the privities of contract that maintain the businessmen among them and with third.