This module is concerned with the general areas of law comprising Commercial Practice as well as the role, and duties of a commercial practitioner. Trainees are given a series of seminars and workshops addressing business structures generally and in particular companies, partnerships and trusts.

Specific instruction is given on the various elements associated with the sale and purchase of a business and trainees are required to act for a client in either the sale or purchase of a business and maintain a simulated file for the transaction.

In addition, trainees cover the basic elements of business loans and securities with particular emphasis on mortgages of real property, mortgages of personal property and guarantees. Trainees will also consider revenue implications (ie duty, capital gains tax and goods and services tax) in business transactions. In doing so, trainees are required to draft and/or give written advice to their client about a security document and are required to address revenue implications in letters, tax invoices and statements prepared in the business purchase transaction file they maintain.Trainees are given instruction on drafting commercial agreements (such as commercial leases and franchise agreements) and draft a commercial agreement based on instructions from a simulated client.