Commercial transaction Law

Provision of this law shall apply to traders and all commercial activities carried out by a person even he is not a merchant.

It shall be applicable to traders and commercial activities agreed upon by the two parties unless such agreement contradicts an imperative commercial text.

In case there is no specific agreement, rules of the commercial custom shall apply to any matters, regarding which, no provisions herein or in another law related to commercial issues. The specific or the local custom shall supersede the general custom, in case of absence of a commercial custom the general custom, provisions pertaining to the civil issues shall be applicable without prejudice to the public principles of the commercial activity.

It is not permissible to apply special agreements or commercial customs rules if they contradict the public morals or public order.

Provision of this law shall applicable under Federal Law No. of 18 of 1993.