In resolving disputes arising from international sales contracts, negotiation is considered a superior method that offers numerous outstanding benefits to the parties involved. As a dispute resolution method based on the principles of voluntariness and goodwill,...
The characteristic of a contract is the agreement that establishes the rights and obligations of the parties involved. Similarly, both parties have rights and obligations in a sales contract. The seller will deliver goods, while the buyer pays for those goods. Thus,...
For contracts in general and the sale of goods contracts in particular, the contracting parties must satisfy the passive legal capacity and active legal capacity as stipulated by law. Disputes in the sale of goods contracts often arise when the contracting party fails...
An international sale contract (“ISC”) is an agreement for the sale and purchase of goods with foreign elements, where one party acts as the seller and the other as the buyer. The seller has obligations related to the delivery of goods, transferring...
Dear valued Customers and Partners, We are pleased to introduce to you our Legal Newsletter, which summarizes the key legal documents of November 2024, including: – Key Points of Decree 115/2024/ND-CP detailing some articles of and measures for implementing law...
In a civil relationship, when a party breaches an obligation, civil liability will arise. In that case, the breaching party will have to bear civil liability as an adverse legal consequence to compensate and apply other remedies for the losses and damages suffered by...
