About Commercial Law
As a commercial lawyer, you have to cover a lot of ground. Today, you might be drawing up agreements for suppliers. Tomorrow, you might be dealing with a query on intellectual property. When you're wearing so many hats, sometimes the real challenge is simply knowing where to start. Whatever the challenge, Lexis+ Commercial is the only place you need to look. You'll find clear, concise practice notes that not only explain the legal principles, but include practical tips on how to apply them in real life - with direct links to the relevant legislation, case law, commentary, forms and precedents you'll need. And because an increasing number of our forms and precedents are being automated, with LexisSmart, you can draft a contract or generate a whole suite of documents just by filling in one questionnaire. Plus, you'll get regular news updates and analysis, to help you keep an eye on what's happening in the law and the market.
Contracts
Helping you deliver watertight contracts. We cover the contract lifecycle from negotiation to termination. Providing guidance and precedents to assist with all aspects of contract management.
Contract clause bank
Offering a wealth of practical drafting and negotiating checklists, precedent contract clauses and practice notes to help you confidently negotiate, draft and execute robust commercial agreements.
Supplier management
Our supplier management tools and guidance help you build resilient supply chains. Assisting with supplier selection, the procurement of goods and services, sustainability, compliance and more.
Key developments
Whether you have a broad or niche commercial practice, staying on top of ongoing developments is a challenge. Our weekly highlights and topic trackers keep you up to date with all the latest developments.
Topics We Cover
Latest Commercial News
Commercial analysis: This was a case relating to items in 14 safety deposit boxes (SDBs) held at a London bank. Due to the passage of time, the Bank...
Commercial analysis: This was a sale of goods dispute, in which the parties had agreed the price of a fixed quantity of product, with the price for...
Details of updates to HMRC import, export and customs guidance for the period from 24 to 30 June 2025....
The IAB Technology Laboratory (IAB Tech Lab) has announced a new Large Language Model (LLM) Content Ingest API Initiative on 4 June 2025. The...
The European Parliament’s Committee on Internal Market and Consumer Protection has adopted a report proposing measures to address the rise in...
Latest Commercial Practice Notes
TUPE and Beckmann—the pensions exceptionFORTHCOMING DEVELOPMENT: Section 10 of the Finance Act 2022 will increase the normal minimum pension age...
Subscription modelsThis Practice Note sets out the key issues to consider when setting up a subscription model for the sale and supply of goods,...
Brexit timelineOn 23 June 2016, the UK held a referendum on its membership of the EU, with a majority voting in favour of the UK leaving the EU. On 29...
Brexit legislation trackerThis Practice Note tracks the progress of UK legislation introduced as part of the legislative project associated with the...
Good faith in commercial agreementsThis Practice Note considers good faith in commercial agreements. It examines the concept of good faith and the...
Latest Commercial Precedents
Managed services agreementThis Agreement is made on [date]Parties1[insert name of the Supplier], a company incorporated in [England and Wales] under...
Consultancy agreement—company and company—pro-clientFORTHCOMING CHANGE: On 19 June 2025, the Data (Use and Access) Bill received Royal Assent,...
EU Digital Operational Resilience Act—ScheduleDORA SCHEDULE1Definitions and interpretation1.1The following capitalised terms used in this Schedule...
Retained EU law—training materials [Archived]ARCHIVED: This Precedent has been archived and is not maintained.These training materials consist of...
Drop ship agreement—pro-supplierThis Agreement is made on [date]Parties1[insert name of supplier] [of OR a company incorporated in [England and Wales]...
Latest Commercial Q&As
Featured Commercial content
Fiduciary Duties
Fiduciary DutiesWho is a fiduciary?There is no comprehensive list of the relationships which give rise to the existence of fiduciary duties under...
Repudiation of contract
RepudiationThis Practice Note concerns repudiation and sets out what a repudiatory breach of contract means. It explains how a repudiatory breach goes...
If a contract’s actual date and effective date are different, is the effective date enforceable?
Agent and principal relationships with third parties
Agent and principal relationships with third partiesThis Practice Note deals with the relationships arising between principals, agents and third...
Mistake in contract law
Mistake in contract lawThis Practice Note considers the legal concept of mistake in contract law. It examines common mistake, mutual mistake,...
Do the terms ‘Schedule’, ‘Appendix’, ‘Annex’ or similar have any particular meaning in commercial contracts? What should I consider if using them?
Contracts required to be in writing
Contracts required to be in writingThis Practice Note considers the specific situations where a contract is required by law to be in writing:...
Subcontracting
SubcontractingThis Practice Note examines the following legal and practical matters in relation to entering into a subcontract or when granting...
Waiver and release
Waiver and releaseDefining waiverIn the law of contract, the term ‘waiver’ may have different meanings but is most commonly used to denote the...
Nature and types of agency
Nature and types of agencyThis Practice Note is an introduction to agency. It describes the essentials of the agency relationship between the...
Termination and expiry of contracts
Termination and expiry of contractsThis Practice Note provides an overview of contract expiry and of the different causes of termination and ways to...
Joint, several, and joint and several liability
Joint, several, and joint and several liabilityContractWhere a contract is made by two or more parties it may contain a promise or obligation made by...
What date should be put on a contract where the parties have not signed the contract contemporaneously? Is the date stated as the 'commencement date' in the contract or is it when the last of the parties signs/seals the contract?
Agreements to agree
Agreements to agreeThis Practice Note considers agreements to agree, and why an agreement to agree certain contractual terms at a future date has...
What is the significance of the words ‘warrants’ and ‘undertakes’ in a contractual obligation?
Which case law supports that an offer cannot be withdrawn after it has been accepted?
Contract variation
Contract variationThis Practice Note summarises the law, guidance and practice relating to the variation of contracts and deeds. It explains how a...
Electronic signatures
Electronic signaturesAn electronic signature is the electronic equivalent of a handwritten signature and links a person to the contents of an...
Associated legal terms
Common European Sales Law
Common European Sales Law is an optional twenty-eighth contract law regime (to supplement the existing twenty-seven of the existing Member States). It would provide the contracting parties with two domestic regimes of contract law to choose from (ie the new regime or that of a Member State). The new regime would insert a new self-standing set of contract law rules into the national laws of all Member States.
Memorandum of association (Commercial)
The memorandum of association is a statement made by the subscribing shareholders saying that they wish to form a company under the Companies Act 2006 and they agree to become shareholders (of at least one share each) of the company.
Transactional decision
The concept of a ‘transactional decision’ forms part of the elements required to prove that a commercial practice is unfair, except for the banned practices which are unfair in all circumstances. A commercial practice is unfair only if it causes (or is likely to cause) the average consumer to take a transactional decision they would not have otherwise taken.
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