Commerce

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Commerce

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.

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.

References in periodicals archive ?
If approved, Incyte expects to commercialize ruxolitinib for GVHD in the US and under the terms of the existing collaboration and license agreement would be eligible to receive potential milestone payments and royalties on sales of ruxolitinib in GVHD by Novartis outside the US
Janssen will have access to Halozyme's expertise in developing and applying rHuPH20 to Janssen targets and will obtain a worldwide, exclusive license to develop and commercialize product combinations of rHuPH20 and Janssen target compounds resulting from the collaboration.
As part of the deal, Norgine will now develop, manufacture and commercialize MuGard in the new territories.
The Cabinet will help the holders commercialize patents through consulting organizations cooperating with non-profit institutions, government funded projects and match-making transactions.
Ross says a bioprospecting facility keeps research talent home, secures intellectual rights for new chemicals and extraction processes, and places those discoveries in the hands of the private sector to commercialize those products.
Under terms of the agreement, Enanta will have exclusive rights to develop and commercialize Chiron's portfolio of HCV protease inhibitors.
that will provide each company with a path to commercialize DNA arrays under patents owned by or licensed to the two companies, including patents invented by Professor Edwin Southern of Oxford University (the "Southern Patents").
Keep in mind that some programs have payback requirements for companies that successfully commercialize their efforts.
CANbridge also has exclusive rights to develop and commercialise Puma biotechnology's Nerlynx (neratinib) in China, Taiwan, Hong Kong and Macao (collectively, greater China); a license with Apogenix to develop and commercialise APG101 in greater China; a license (ex-North America) to develop and commercialize AVEO Oncology's ErbB3 inhibitory antibody candidate AV203 and an agreement with EUSA Pharma to commercialise Caphosol for the prevention and treatment of oral mucositis caused by cancer treatments, for which it has received approval in China.
The goal is to be able to commercialize these solutions over the next three years.
RAWALPINDI -- Decision has been taken to commercialize the buildings of private schools and colleges operating in the area of Civil Lines and other areas.
Pfizer has entered into a partnership with Laboratorio Teuto Brasileiro S.A., a Brazilian generics company, to develop and commercialize generic medicines.

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