Commercial remedy: Imposing compensation for damages

Commercial remedy: Imposing compensation for damages

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,...
Lien on property – Basic content you need to know

Lien on property – Basic content you need to know

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...
Guarantees – Basic content you need to know

Guarantees – Basic content you need to know

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...