Commercial contracts in Mexico are regulated by the Commercial Code. They are essential for enforceable business agreements, covering sales, services, and partnerships. The law mandates written contracts for transactions over 10,000 pesos, with 2021 reforms validating electronic signatures to modernize practices. These contracts must specify terms like payment schedules, delivery conditions, and breach penalties to be legally binding. Agreements are drafted to protect clients, such as one who avoided a dispute by including a clear delivery clause. Understanding key elements—offer, acceptance, and consideration—is crucial, as is complying with consumer protection laws that regulate warranties. The reforms also introduced online registration, streamlining contract management.
Key Points: enforceability rules, electronic signatures, breach remedies
Tips: use written contracts, specify terms, seek legal review