Commercial relations definition
Commercial relations means a business entity’s conduct of business, and the terms and conditions by which business is transacted, with a vendor, supplier, subcontractor, or other business entity.
Examples of Commercial relations in a sentence
Commercial relations involve following transactions: concluded between banks or financial organizations and consumers, the supply and exchange of goods and services, of commercial representation or agency, leasing, factoring, consultation, licensing,investment, funding, insurance, maintenance or concession ,industrial or joint venture, other kindsof entrepreneurship cooperation, marine ,air, ,rail, automobile transportation ”.