Commercial Law
Commercial law, also known as business law, governs trade, sales, and commerce-related activities. In Ethiopia, commercial law is primarily regulated by the Commercial Code of Ethiopia (2021 Revised Edition), which provides guidelines on business transactions, trade regulations, and consumer protection.
Key areas include:
Business Organizations: The law regulates sole proprietorships, partnerships, and corporations.
Contracts and Agreements: Legal provisions govern how businesses enter into contracts, ensuring fairness and enforceability.
Consumer Protection: Businesses must adhere to fair trade practices to protect consumers from fraud and misleading advertisements.