Contract Law include the legal relations most frequently used by the citizens, including contracts for sales, rentals, transportations, gifts and etc. Contractual legal relations, being the basis of the civil law, determine the rights and obligations of the parties.
Parties to the Contract Law ensure freedom of civil turnover on the basis of the principles of free will, equality and protection of contractual interests. According to article 390.1 of the Civil Code, individuals and legal entities are free to draft contracts and determine their content. They may draft agreements that are not provided for by this Code however they must not contradict it.
What is a contract?
A contract recognizes the agreement of two or more persons on the establishment, amendment or termination of civil rights and obligations. The rules on bilateral and multilateral transactions apply to contracts.
A sales contract is the most common type of contract to date. This is manifested in international economic relations and in foreign trade relations of the country. We can note with confidence that the legal provisions governing sales contracts apply to many other legal transactions in accordance with the general rules.
Termination of Sales Contract
In cases regulated by the Civil Code, any type of transaction, including sales and purchase contracts, is considered invalid and can be challenged within one year from the date of its execution.
Such cases include transactions committed as a result of abuse of power, deceit, violence, malicious agreement of a representative of one party with the other party, as well as a forced transaction and other transactions that the other side took advantage of (bonded transaction) and other such transactions.
A delivery contract is a type of sales contract. This type of contract is often called an entrepreneurial or commercial transaction. The main feature of the delivery contract is determined by the special use of goods that are the subject of this contract. According to article 627 of the Civil Code, a supplier - a seller engaged in entrepreneurial activity is obligated to transfer the goods produced or purchased by him to the buyer within a specified time or period for use in entrepreneurial activity or for other purposes not related to personal, family, home and other similar use.
A gift contract is one of the oldest types of contracts. The Civil Code reads: “A contract of a gift is a contract concluded during life, according to which the donor enriches the donee with a gift of part of his property, and at the same time such a gift is not conditional on any response service from the donee”. A contract of a gift is considered concluded with the acceptance of the gift by the donee. If the gift is not conditional on the obligation, it is assumed that the gift is accepted.
Rental property contract
Under a rental property contract, the owner agrees to provide the renter with a property for use, and the renter - to pay the owner for the property. The owner, during the entire period of the contract, is responsible for the following:
- The owner, during the entire contract term, is responsible for the appropriate condition of the property for use by the renter;
- The rented property must possess the qualities/features guaranteed by the contract;
- Any rights or claims of third parties should not impede the use of the rented property provided for in the contract or exclude such use;
- In the rental of a real estate property residential or other premises intended for people to stay must always be in such a condition that does not possess a clear threat to life and health of users.
A lease contract is a type of rental property contract. According to the terms of this contract, the lessor (lessor) gives the lessee (lessee) the right to use the leased property and to derive income from the leased property. The lessee is required to pay the rent to the lessor. The subject of lease may be land, buildings, movable things, rights and enterprises.
What is an annuity contract?
According to Article 864 of the Civil Code, under an annuity contract, one party (annuity recipient) transfers the property to the other side (annuity payer), and the annuity payer undertakes to periodically make payments to the recipient in exchange for the received property in the form of a certain amount of money. An annuity contract is concluded in writing by drawing up a document signed by the parties. An annuity contract covering the alienation of real estate for annuity payment is subject to notarization.
Legal services in support of cases related to the drafting of contracts
Legal Store offers you legal services in the field of contract law, on drafting contracts that meet your interests, as soon as possible and based on legal requirements from professional lawyers. The service is available for individuals and legal entities, both residents and non-residents. The service is also carried out electronically.