Commercial matter provisions are governed by federal laws. In general, commercial agreements are governed by the Commercial Code; thus, certain agreements are governed by specific federal laws (ie, bank credit agreements, insurance, pledge and trusts, among others).
Additional commercial contract provisions may be found in other federal laws (ie, antitrust and consumers' protection), regulations and official standards.
The venue for resolution of disputes specified in a commercial contract corresponds to federal courts, although state courts may accept venue.
Commercial contracts with federal and state government agencies are subject to separate governmental regulations, which may include, among other matters, specific auditing and recordkeeping requirements.