A deposit contract is a form of agreement aimed at binding parties in various civil transactions. In practice, parties may use deposits to secure the signing of a land use rights transfer contract, a sale and purchase agreement, a lease agreement, and more. In this...
Compensation for Damages (CFD) resulting from a contractual breach is a crucial legal measure that plays a compensatory role for the damaged party (the entitled party) in the aftermath of a breach of contract. To apply the compensation for damages appropriately,...
The 2015 Civil Code stipulates that Lien on property is a measure to ensure the fulfillment of obligations. Lien on property is a legal mechanism to protect the party entitled to payment in contracts where both parties have obligations. In this article, TNTP will...
Guarantee is one of the security measures stipulated in the obligations and contracts under the Civil Code. The creditor undertakes to fulfil an obligation on behalf of the party obligated under the agreement if the latter fails to fulfil or improperly fulfils that...
Contract cancellation is the unilateral termination of a contract by one party’s will. However, due to its “retroactive” nature, contract cancellation is a more complex matter. Therefore, the law tightly regulates contract cancellations. In this...
When entering into a sale of goods contract, there are some important provisions to be aware of in order to minimize risks. Therefore, the parties participated in the contract need to understand the basic contents to propose to their business partner during the...
