Commercial agreements refer to all kinds of agreements entered into for any sort of transaction. For instance a number of investors that get together to develop a piece of raw land may all execute a joint venture agreement. This would be a commercial agreement. Two friends may decide to open a business together in which case they may want to have a commercial agreement to regulate the relationship between them.

In all cases wherever two or more parties decide to enter into a business relationship a commercial agreement should be entered into to govern that relationship.

 

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