Differences between deposits and advance payments in contracts

Differences between deposits and advance payments in contracts

In civil and commercial transactions, deposits and advance payments are two important financial instruments, but they are often misunderstood, leading to disputes when the parties involved are unclear about their nature and legal consequences. A clearly distinction...
Sanctions Applied for Breach of Obligations in Sales Contracts

Sanctions Applied for Breach of Obligations in Sales Contracts

A sales contract is a common type of commercial contract, widely used in business transactions. During the execution of the contract, breaches can occur, potentially disrupting the intended benefits for the involved parties. In such cases, specific sanctions are...
Model contracts in commercial activities in Vietnam.

Model contracts in commercial activities in Vietnam.

In commercial practices, drafting a Contract can be a long process, requiring much time and effort to develop and complete. A fully comprehensive contract can take months or even years to draft and complete for specific fields such as construction or transportation....