Security collateral is a measure to ensure the fulfilment of obligations to return leased property, which is a movable property in a property lease contract. Additionally, security collateral aims to ensure the fulfilment of payment obligations and the obligation to...
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...
Currently, the law does not have specific provisions related to the handling of abscond enterprises. In fact, the situation of businesses running away, especially when still owing taxes, labor wages, debts to other businesses, has been happening quite commonly. In the...
