In an effort to alleviate disputes between the various trades this body was created and created what was known as the Aberdeen Magna Carta, a charter drawn up to agree processes and settlement of disputes ratified in August 1587 and raised to the status of a Royal Charter by King James VI on 16 July 1617.
This body was created with the aim of resolving trade disputes, and it produced the Aberdeen Magna Carta. This charter, drawn up to set out procedures for dispute resolution, was ratified in August 1587 and elevated to royal charter status by King James VI on July 16, 1617.