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The exchange of goods, products, or any type of Personal Property. Trade and traffic carried on between different peoples or states and its inhabitants, including not only the purchase, sale, and exchange of commodities but also the instrumentalities, agencies, and means by which business is accomplished. The transportation of persons and goods, by air, land, and sea. The exchange of merchandise on a large scale between different places or communities.

Although the terms commerce and trade are often used interchangeably, commerce refers to large-scale business activity, while trade describes commercial traffic within a state or a community.

West's Encyclopedia of American Law, edition 2. Copyright 2008 The Gale Group, Inc. All rights reserved.

BILLS PAYABLE, COMMERCE. Engagements which a merchant has entered into in writing, and which he is to pay on their becoming due. Pard. n. 85.

COMMERCE, trade, contracts. The exchange of commodities for commodities; considered in a legal point of view, it consists in the various agreements which have for their object to facilitate the exchange of the products of the earth or industry of man, with an intent to realize a profit. Pard. Dr. Coin. n. 1. In a narrower sense, commerce signifies any reciprocal agreements between two persons, by which one delivers to the other a thing, which the latter accepts, and for which he pays a consideration; if the consideration be money, it is called a sale; if any other thing than money, it is called exchange or barter. Domat, Dr. Pub. liv. 1, tit. 7, s. 1, n. 2. Congress have power by the constitution to regulate commerce with foreign nations and among the several states, and with the Indian tribes. 1 Kent. 431; Story on Const. Sec. 1052, et seq. The sense in which the word commerce is used in the constitution seems not only to include traffic, but intercourse and navigation. Story, Sec. 1057; 9 Wheat. 190, 191, 215, 229; 1 Tuck. Bl. App. 249 to 252. Vide 17 John. R. 488; 4 John. Ch. R. 150; 6 John. Ch. R. 300; 1 Halst. R. 285; Id. 236; 3 Cowen R. 713; 12 Wheat. R. 419; 1 Brock. R. 423; 11 Pet. R. 102; 6 Cowen, R. 169; 3 Dana, R. 274; 6 Pet. R. 515; 13 S. & R. 205.

A Law Dictionary, Adapted to the Constitution and Laws of the United States. By John Bouvier. Published 1856.
References in periodicals archive ?
Sanofi will receive exclusive rights to develop and commercialise COPIKTRA and hold the marketing authorisation and product licence for COPIKTRA in the licensed territories.
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We need the private sector to invest in schools but not commercialise them.
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Of course, what they actually meant was if you have an invention they would try to commercialise it for you.
Pharmaceutical company Taiwan Liposome Company Ltd (Nasdaq:TLC)(TWO:4152) revealed on Monday the launch of an exclusive partnership in China to commercialise two liposomal products utilising its proprietary NanoX technology platform in the therapeutic areas of oncology and severe infectious diseases with 3SBio Inc (HKEX:1530).
and South Korea-based GC Pharma (formerly known as Green Cross Corp.) (KRX:006280), have inked an exclusive licensing agreement in the greater China area to commercialise Hunterase, a human recombinant iduronate-2-sulfatase enzyme replacement therapy for the treatment of Hunter syndrome.
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CANbridge has a world-wide license (ex-North America) to develop, manufacture and commercialise AVEO Oncology's clinical-stage ErbB3 inhibitory antibody candidate AV203, which it is developing as CAN017.

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