Commercial Law: Fees, Admission 2024, Subjects/Syllabus, Top Colleges, Top Exam, Salary, Scholarship, Cutoff
Pragati SinghSenior Executive - Content
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
- What is Commercial Law Course?
- 2.1 Why pursue Commercial Law Course?
- 2.2 Who can pursue Commercial Law?
- Commercial Law Eligibility
- Top Entrance Exams for Commercial Law 2025
- Commercial Law Courses
- Commercial Law Subjects & Syllabus
- Top Colleges for Commercial Law
- 7.1 Top Government Colleges for Commercial Law
- 7.2 Top Private Colleges for Commercial Law
- Commercial Law Career, Scope, Job Profiles, Salary and Recruiters
- 8.1 Commercial Law Recruiters
- Important FAQs regarding Commercial Law
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:
Commercial Law Highlights | |
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Course Level | UG, PG, PhD |
Mode of Study | Offline, online Full-time, part-time |
Course Type | Degree, diploma, certificate |
Course Duration | UG: 3-5 years PG: 1-2 years Certificate: Few hours to 6 months |
Eligibility | UG: Class 12 or Graduation PG: Three-year/ Five-year LLB Certificate: Class 12 or Graduation |
Admission process | Entrance-based, Merit-based |
Course Fees | 10K- 5 lakhs |
Top Colleges | NLU Delhi, NALSAR, NUJS, SOA University |
Average Salary | 3-8 LPA |
Top Recruiters | Trilegal India, Khaitan &Co., Ahlawat & Associates, Sagar Associates |
Entrance Exam | CLAT UG, CUCET, SLS AIAT, ULSAT |
Job Positions | Legal Manager, Contract Attorney, Legal Advisor, Legal Researcher, Legal Assistant |
Q: Why Study Commercial Law?
Commercial law is a basic and fundamental aspect of the today's business world. Studying it can equips you with:
Understanding of Business Transactions: As a subset of general legal knowledge, business law exposes students to legal rules governing various operations of a business such as contracts, sales, and financing.
Problem-Solving Skills: Issues related to the ability to compare the legal aspects of business and suggest appropriate actions.
Risk Management: Sensitization of skills for analysis of legal implications of business functions/propositions.
Negotiation Skills: Knowledge of the legal issues enhances your ability to barter in contracts in commercial law.
Career Opportunities: Covers the opportunity to a vast number of areas of law such as business law, corporate law, banking law, law of patents and trademarks, and international business law.
Q: How will I know about the AIBE exam centre allotted to me?
AIBE exam centre 2024 will be allotted along with the admit card. Candidates are advised to check the admit card to know about the exam centre and other crucial details. Apart from name and address of allotted AIBE exam centre, the admit card comprises details such as exam date, timing, exam day guidelines etc. Date for admit card release is published along with the information brochure on the official website. Candidates have to download the admit card for AIBE 2024 after logging and providing details such as application ID, password and others.
What is Commercial Law Course?
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
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:
Q: Is CLAT a tough exam?
Q: What is the syllabus for CLAT 2025?
The syllabus of CLAT is vast, which means it is not limited to certain topics from each section. Moreover, the exam authority, Consortium of National Law Universities has not defined the syllabus of CLAT question paper for undergraduate or postgraduate paper. Candidates can check below important topics from each section as asked in the previous years: English - The key topics from this section includes Reading comprehension, Sentence completion and correction. Spelling errors, Proverbs and adverbs, Synonyms and antonyms, Idioms and phrases, Vocabulary and word meanings. Current Affairs including GK - National and international Current Affairs (from April 2021 to October 2024) Contemporary events of significance from India and the world, General knowledge about world leaders, industrialists, lawyers, Arts and culture of India and world, Historical events of continuing significance. Legal Reasoning The section is based on Facts, situations or outlines of legal matters, public policy or moral philosophical enquiries, General awareness of contemporary legal and moral issues, Legal terms and meanings. Logical Reasoning - Relationships, Analogies, Arguments and conclusions, and Logical sequences are the key topics in this section. Quantitative Techniques - Ratios and proportions, Basic Algebra Mensuration Statistics Profit and loss Mensuration, and Time and work. Know in detail about CLAT syllabus - https://www.shiksha.com/law/clat-exam-syllabus.
Commercial Law Eligibility
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:
Commercial Law Eligibility | |
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UG Level |
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PG Level |
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Q: What are the basic qualifications to enroll in a Commercial Law Course?
The qualifying requirements can vary from institution to institutions and also depends on course level. However, some general guidelines apply:
- Educational Background: Most courses require a bachelor's degree (LLB) in any discipline.
- Law Degree: For advanced commercial law courses or those focusing on legal practice, a LLD degree may be required.
Q: I'm interested in becoming a Commercial Lawyer. What are the additional requirements?
To practice Commercial Law or any specialisation in Law, you will typically need to:
- Complete a LLM degree: This is a PG professional degree course that provides students with the foundation for legal practice.
- Pass the bar exam: This licensing exam is required to practice law in a particular jurisdiction, such as AIBE.
Top Entrance Exams for Commercial Law 2025
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:
Entrance Exams |
Exam Dates |
Exam Schedule |
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May ‘25 (Tentative) |
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1 Dec '24 |
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January Exam- Jan '25 (Tentative) May Exam- May '25 (Tentative) |
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08 Dec '24 |
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Dec '24 (Tentative) |
NOTE: This information is sourced from the official website of the institute/exam.
Commercial Law Course Relevant Information: Top Law Entrance Examinations
Jun '24 | CT SET 2024 Counselling Start TENTATIVE |
Jun '24 | CT SET 2024 Result TENTATIVE |
15 Dec ' 24 | AIBE 19 admit card Date 2024 |
22 Dec ' 24 | AIBE 19 exam date 2024 |
9 Dec ' 24 - 10 Dec ' 24 | CLAT 2025 Final Answer Key |
10 Dec ' 24 | CLAT 2025 Result |
To Be Notified: | MH CET Law 2025 Application (for 3-year LLB) |
To Be Notified: | MH CET Law 2025 Application (for 5-year LLB) |
Important Exam Dates
Dates | Past Exam Dates |
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To Be Notified | ILSAT 2025 Interview (Phase 2) |
To Be Notified | ILSAT 2025 Exam Date(Phase 2) |
To Be Notified | ILSAT 2025 Interview (Phase 1) |
Q: Do I need to take any entrance exams for a Commercial Law Course?
Some institutions, especially for postgraduate or professional programs, may require entrance exams. These exams could assess your legal knowledge, analytical skills, and aptitude for legal studies. Examples include the LSAT (Law School Admission Test) or the CLAT (Common Law Admission Test).
Q: What is a good rank for CLAT?
Students who wish to be admitted to this university should strive for a score of roughly 70% (80-84 marks) or above under the revised pattern. Because the CLAT cut-off marks are lower for reserved categories, a rank of about 4000 would be suitable for admission. According to CLAT 2024 analysis, candidates from the general category should aim for a score of 90 or more in order to be admitted to one of the top three NLUs. In CLAT 2024, 60–70 points are considered a decent score for SC/ST categories. The Consortium of NLUs will release the closing rank of candidates for each round at the time of CLAT counselling.
Commercial Law Courses
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 Branches |
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Property Law |
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Consumer Protection Law |
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Business Regulations |
Popular Courses
Q: What will be the duration of the AIBE 19 exam?
AIBE 19 Exam 2024 date is December 22, 2024. The exam will be conducted for three and half hour. The exam will be conducted in offline mode from 10 am to 1.30 pm. Candidates must note that the exam authority will allow candidates to carry Bare Acts with short notes as well. Candidates can check out the exam analysis for AIBE XVIII sharing details of paper difficulty level, important questions and expected cutoff marks to get an idea about AIBE 19 (XIX) Exam 2024.
Commercial Law Subjects & Syllabus
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):
Commercial Law Subjects | |
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Legal Research |
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Comparative Public Law |
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International Commercial Law |
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Competition Law |
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Commercial Arbitration |
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Intellectual Property Law |
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Investment Law |
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Corporate Law & Governance |
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Note- This information is sourced from multiple sources on the web. Hence, is subject to vary.
Commercial Law Classes Relevant Information:
Q: What Topics are Typically Covered in a Commercial Law Course?
Course content can vary, but common topics include:
The Law of Contract: Offer and acceptance, consideration, capacity, terms of the contract, breach of contract, and remedies for breach of contract.
The Sale of Goods: Contract formation, sale and transfer of ownership and risk, implied terms in contract of sale, rights of parties for breach of contract of sale.
Company Law: Different forms of trading, incorporation and classification of companies, corporate management and control, rights and powers of the shareholders and duties of directors.
Agency Law: Agency formation and dissolution, legal relationship between principal and agent.
Negotiable Instruments: Laws governing negotiable instruments such as bills of exchange, promissory notes, cheques.
Secured Transactions: Formation of securities, types of assets that can be given as a security, priority of securities.
Consumer Protection Law: Measures a consumer can take in case of infringement of certain rights in commercial transactions.
Competition Law: Laws that govern anti-competitive practices such as monopolies and cartels.
Top Colleges for Commercial Law
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:
Institute | Total Course Fees in INR |
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Bangalore University | 26K |
DSNLU Visakhapatnam | 97K |
Maharashtra National Law University, Nagpur | 75K |
NALSAR Hyderabad | 65K |
NLUJAA Assam | 55K |
NLU Delhi | 30K |
NLU Odisha | 70K |
NUSRL Ranchi | 66K |
NUJS Kolkata | 10K |
Pondicherry University | 12K |
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:
Institute | Total Course Fees in INR |
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Alliance School of Law | 3 lakh |
CMR University | 2 lakh |
ICFAI School | 1 lakh |
KIIT School of Law | 2 lakh |
NIMS School of Law | 40K |
Saveetha Institute of Medical and Technical Sciences | 2 lakh |
School of Law, Christ University | 1 lakh |
Sharda School of Law, Sharda University | 2 lakh |
Siksha O Anusandhan University | 1 lakh |
UPES | 2 lakh |
Note: The fee range given above is for all level Commercial Law courses such as UG, PG, PhD and Diploma.
Q: Where can I pursue LLM in Commercial Law in Delhi?
Some of the top entrance exams that candidates can give for admission in LLM Commercial Law degree include:
Q: Which colleges offer Certificate courses in Commercial Law?
The following colleges offer Certiifcate courses in Commercial Law which can be either pursued in full-time or part-time mode. They are:
Popular Private Commercial Law Colleges in India
Commercial Law Career, Scope, Job Profiles, Salary and Recruiters
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:
Job Profiles | Job Description | Average CTC (INR) |
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Legal Manager | The professional is typically responsible for tasks such as legal review, proof reading redlining of contracts and managing the relationship and processes with internal clients. | 8- 10 LPA |
Legal Advisor | The professional is responsible for identifying, managing and mitigating legal risk issues across the firm. S/he provides preventative legal guidance and risk training to the firm. | 7- 9 LPA |
Contract Attorney | The professional works closely with clients and provides all the commercial and transactional support required. The person is also responsible for drafting, reviewing and negotiating different contracts and transactional documents. | 6- 7 LPA |
Legal Researcher | The professional is responsible for conducting all the legal research related to an assigned project. | 5- 7 LPA |
Legal Assistant | The professional is responsible for assisting the higher lawyer with the trials. The person also assists in documents, information gathering, etc. | 4.5- 6 LPA |
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:
Commercial Law Recruiters | |
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Desai & Dewanji |
ALMT Legal |
Khaitan & Co. |
Argus Partners |
Sagar Associates |
Fox Mandal |
Ahlawat & Associates |
Trilegal India |
Anand & Anand |
AZB & Partners |
Read More:
List of NLUs in India: Admissions, Eligibility, Courses, Fees and Seats
Q: What career opportunities are available after completing a Commercial Law course?
The possible positions that graduates can go for include corporate lawyers, legal advisors, compliance officers, contracts managers, business analysts, and positions in the government and regulatory agencies. Moreover, it becomes also useful for the entrepreneurs and business owners as they are able to know how to manage legal issues connected with their companies.
Q: Are books allowed in AIBE exam 2024?
No, books will not be allowed in AIBE Exam 2024. AIBE is no longer an open-book exam. Candidates will not be allowed to carry books, notes and written material inside the exam hall. However, candidates can carry Bare acts without notes.
Till 2020, the All India Bar Examination was an open-book exam. However, in 2021 Bar Council of India changed this pattern. This means that students can no longer take the help of books and study material to attempt or solve the question paper. That being said students are still allowed to carry Bare Acts without notes with them. For more details, you may visit the Shiksha AIBE exam page. (https://www.shiksha.com/law/aibe-exam). I hope this will help you.
Important FAQs regarding Commercial Law
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:
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
News & Updates
Student Forum
Answered 2 months ago
Commercial law and consumer law are both branches of law that deal with business transactions, but they have different focuses. Commercial law focuses on the relationships between businesses, while consumer law focuses on the relationship between businesses and consumers.
Commercial law is a broad te
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Are Commercial Law and Consumer Law the same?