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...
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....