Legal Definitions - jus commercii

Definition: Jus commercii is a Latin term that means "right of commerce." In Roman and civil law, it refers to the legal right to make contracts, acquire and transfer property, and conduct business transactions.

Example: A person who owns a business has the right to enter into contracts with suppliers, customers, and employees. They can also buy and sell property, such as land, buildings, and equipment, as well as transfer ownership of their business to someone else.

Explanation: The example illustrates the definition of jus commercii by showing how it gives individuals the legal right to engage in various business activities. Without this right, people would not be able to conduct transactions, acquire property, or transfer ownership of their businesses. Jus commercii is an essential aspect of commercial law that enables businesses to operate and grow.