Commercial Law: Fees, Admission 2024, Subjects/Syllabus, Top Colleges, Top Exam, Salary, Scholarship, Cutoff

Commercial Law, also referred to as Mercantile Law or Trade Law, encompasses the legal framework governing business activities. It covers various aspects such as contract formation, sales transactions, corporate governance, intellectual property protection, banking and finance regulations, and consumer rights. 

Eligibility criteria for studying a Commercial Law course vary depending on the course level. For undergraduate LLB course, completion of 10+2 with minimum marks is typically required, while postgraduate LLM courses necessitate a recognized LLB degree. Diploma or certificate courses may have varying eligibility requirements, possibly including graduation or relevant work experience. Many candidates who have pursued CA or CS also pursue Commercial Law specialisation after completing their basic educational qualifications. LLB or LLM in Commercial Law is offered across most private and government universities which prepares candidates to understand the nuances of law and apply them in various matters. 

Admission to Commercial Law courses often requires clearing entrance exams such as CLAT, LSAT-India, AILET, or university-specific exams. Top Colleges offering Commercial Law courses include the National Law School of India University, Indian Institute of Law, Symbiosis Law School, National Law University Delhi, and Jindal Global Law School.

Graduates develop skills in critical thinking, problem-solving, communication, and research, opening doors to diverse career paths such as corporate law, legal advisory roles, investment banking, intellectual property law, management consulting, and entrepreneurship.

Commercial Law Course Details: Highlights

The highlights table provides information about the course types, duration, course fees, and entrance exams for pursuing Commercial Law. Candidates can refer to this table for an idea about the average salary offered after completing this course as well as the top recruiters for commercial law graduates. Check key points related to courses related to Commercial Law in the table below:

The branch of law which deals with all business, commerce, and consumer interactions falls under the category of Commercial Law or Corporate Law. It deals with both private and public law issues and is a branch of civil law. It includes various legislations such as the Sale of Goods Act, Indian Contract Act, Negotiable Instrument Law, and Bankruptcy Law. Due to its ever-changing nature, Commercial Law is a developing field of law and therefore requires trained professionals for addressing complex contractual regulations. 

Those who are interested in Business Law and Corporate Law can study similar subjects in this course as well. Plus, you can also study International Business Law as a part of the curriculum. 

Commercial Law or Corporate Law Courses Relevant Information:

Popular Commercial Law Colleges

How to Prepare for CLAT?

Why pursue Commercial Law Course?

Caniddates can pursue Commercial Law because it offers high earning potential and job security. Professionals can establish their careers in this field by opting for a variety of practice areas such as Securities Law, Contracts Law, Negotiable Instruments Law and Intellectual Property Law. This course also provides expertise to candidates who are pursuing CS or CA and wish to enter into the field of litigation. Therefore candidates can pursue LLM or PG Diploma courses in the field of Commercial Law.

Who can pursue Commercial Law?

Candidates who have strong analytical and problem-solving skills must pursue this course since drafting and executing contracts require presence of mind and critical thinking abilities. Moreover, candidates who are passionate about establishing a career in commercial space and work with companies or National Company Law Tribunal must definitely pursue LLM or PG Diploma in Commercial Law after completing LLB. Commercial Law in India is a popular course offering exciting career opportunities to professionals. 

Commercial Law Course Relevant Information: 

All About NLU Courses- LLB, LLM, PhD and Distance Courses

As mentioned above, candidates can pursue Commercial Law (or Business Law course ) at both UG (Business Law bachelors) and PG (Business Law masters) levels. Given below are the basic Commercial Law eligibility criteria for both the levels:

Candidates who wish to pursue UG and PG courses in Commercial Law must appear for various entrance examinations in order to secure admission in top colleges. Candidates seeking admission in Commercial Law degree courses offered at different universities and colleges can consider appearing in the following entrance exams:

NOTE: This information is sourced from the official website of the institute/exam.

Commercial Law Course Relevant Information: Top Law Entrance Examinations

Those interested in having a career in the field can pursue Commercial Law courses at undergraduate, graduate or postgraduate level. Candidates can pursue either integrated LLB (such as BA LLB, BBA LLB, BSc LLB) after Class 12, LLB after graduation or LLM after obtaining an LLB degree.

Candidates can pursue both Commercial Law diploma as well as degree courses. Some of the main branches of Commercial Law in which candidates can choose have a specialisation include:

Commercial Law degree courses in India are usually offered at postgraduate level. Candidates can choose their specialisation in Commercial Law during their LLM course. Moreover, Corporate Law and Business Law are the related fields to Commercial Law. 

Although the Commercial Law syllabus varies from one college/university to another, given below are some of the common subjects that are taught in an LLM Commercial Law (Masters in Corporate Law or Commercial Law): 

Note- This information is sourced from multiple sources on the web. Hence, is subject to vary.

Commercial Law Classes Relevant Information:

Corporate and Commercial Law Syllabus

Candidates choose colleges on the basis of their fee structure as well as the placement opportunities. There are around 54 law colleges that offer courses in Commercial Law across all levels of education such as UG, PG and Doctorate. Some colleges also offer short-term diploma courses in Commercial Law. The admissions to these courses are done purely on the basis of entrance tests or conducted by the university or consortium of colleges or any state-level entrance examination. For diploma or short-term courses, colleges admit students on the basis of merit. Some of the top government and private colleges are listed below. 

Top Government Colleges for Commercial Law

Few government colleges such as National Law Universities as well as Department of Law across various state and central universities, offer LLM or postgraduate diploma courses in Commercial Law. These colleges are as follows:

Note- This information is sourced from the official website/ counselling body and may vary.

Top Private Colleges for Commercial Law

Many private colleges also offer LLM or Postgraduate diploma courses in the field of Commercial Law. These colleges also invite candidates to pursue PhD in the field of Commercial Law. Some of the colleges offering LLM in Commercial Law are as follows:

Note: The fee range given above is for all level Commercial Law courses such as UG, PG, PhD and Diploma.

A career in Commercial Law is extremely challenging as well as rewarding since it allows lawyers and professionals to work with business organisations and negotiate in drafting contracts. Therefore, candidates can take up the following popular job profiles after successfully completing a Commercial Law course:

Note- The above salary has been taken from external sources, and hence may vary.

Commercial Law Recruiters

Commercial Law firms are always clear on what they look for in their potential employees. While consistent academic record and relevant experience play a major role in deciding on a recruit, the Law firms also want to see a host of other skills and qualities that set him/her apart from his/her counterparts. Law graduates must qualify AIBE exam to practice in a court of law in India. Some of the top Law firms in India include:

Read More:

Career in Law

List of NLUs in India: Admissions, Eligibility, Courses, Fees and Seats

Q: What does Commercial Law involve?

Commercial Law involves legal issues pertaining to business, trade, commerce and industry. The branch of Law resolves issues related to intellectual property, contract violation, consumer complaints, etc. It also deals with matters related to secured transations and banking regulations. It deals with the formulation and negotiation of contracts between multinational organisations and corporate houses. It ensures that business houses meet legal guidelines during drafting of contracts.

Q. What is the role of a Commercial Lawyer?

The role of a Commercial Lawyer depends on the field in which s/he specialises. However, a typical day in the life of a Commercial Lawyer involves reading and revising contracts, drafting legal documents, reviewing mergers, etc. They offer legal counsel and advocacy to companies of all kinds, from start-ups to large multinationals. Commercial lawyers can be found working in a range of places, such as corporations, governments, and law firms.

Q. Who are the clients of a Commercial Lawyer?

Clients of a Commercial Lawyer usually include insurance companies, real estate companies, banks, government agencies, etc. They can work for various businesses and offer expertise in drafting and negotiating of contracts. They can also represent various business organations in the court and advise them on various multinational treaties. They can also advise small business organisations in compliance related matters and help investors in mergers and acquisitions.

Q: How to become a Commercial Lawyer?

A: To become a Commercial Lawyer, you first need to possess an LLB degree. You can enroll in an LLB course right after class 12 or even after graduation. Once the LLB programme is over, you can enroll in an LLM Commercial Law degree course. Those interested can also look for Commercial Law diploma courses at postgraduate level. Candidates must also clear AIBE in order to be eligible for practising as an advocate in courts across India.

Q: What is the difference between Commercial Law and Business Law?

A: Commercial Law and Business Law are very similar in nature. While Commercial Law focuses on the sale and distribution of goods, as well as financing of certain transactions, Business Law, on the other hand, focuses on other aspects of business such as forming a company, mergers and acquisitions, shareholder rights, etc. Hence Commercial Law is a broader domain which consists of Business laws along with other aspects such as Bankruptcy and Negotiable Instruments Law

Q: Which are the top entrance exams for Commercial Law?

A: Some of the top entrance exams that candidates can give for admission in LLM Commercial Law degree include:

• TSPGLCET
• LSAT India
• KIITEE
• ULSAT
• CLAT

Q: Which are the various job profiles in Commercial Law?

A: After completing a course in Commercial Law, candidates can look for jobs in profiles such as:

• Legal Advisor
• Senior Associate
• Legal Researcher
• Legal Assistant
• Contract Attorney.

Q. Where can I pursue Online Commercial Law courses?

A. Many online education portals also offer courses in Commercial Law which can be accesssed by learners as per their pace. Some of these courses are:

Legal Contracts and Agreements for Entrepreneurs by Coursera

Corporate & Commercial Law I: Contracts & Employment Law by Coursera

Contract Law: From Trust to Promise to Contract by edX

Corporate and Business Law by Udemy

International Business Law by Udemy