Commercial Agreement


An agreement for the exchange of goods and services. An agreement may be for the use of land or resources or the provision of services.

Extended Definition

Although this category usually refers to binding contracts made between parties, it may also include any agreements made in the course of commerce, such as non-binding pre-contractual arrangements between parties. Usually this category does not include agreements made under statutory regimes dealing with native title rights, as those rights cannot be sold in the open market. However commercial agreements may be negotiated in conjunction with agreements made under statutory regimes.