Encyclopedia
Commercial
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The term "commercial" should be interpreted broadly, so as to cover matters arising from all commercial relationships, whether contractual or non-contractual. Commercial relationships include the following transactions, without being limited to them: any trade transactions relating to the supply of goods or services or exchange of goods or services; distributor agreements; commercial representation or agency relationships; factoring; leasing; construction of industrial facilities; provision of advisory services; engineering; licensing; investment; financing; banking services; insurance; operation or concession agreements; joint ventures and other forms of industrial or entrepreneurial cooperation; transportation of goods or passengers by air, sea, rail or road transport.
Source: Model Law of the United Nations Commission on International Trade Law on International Commercial Conciliation
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