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The Commercial Transactions Law provides that anyone who advertises, by any means, a business they have established for trading acquires merchant status, even if they do not practice trade as a profession. That status remains until the effects of the advertisement and the transactions resulting from it have ceased. Merchant status also applies to anyone who conducts trade in their own name on another person’s behalf, as well as to the person on whose behalf they trade. The Law defines the tangible and intangible elements of a business, requires it to include at least one intangible element, and excludes real property. It takes effect 180 days after its publication in the Official Gazette.
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