The obligations of the parties must be clearly defined . They can be of different natures. These may be obligations to do. This involves presenting the required actions, deadlines, quality standards and control methods. This also concerns obligations not to do. One of the parties will then not be able to carry out certain actions that could harm the interests of the other party. This may concern non-competition, non-disclosure of confidential information or non-solicitation of customers or employees. Lastly, warranty obligations require a party to ensure specific conditions. This may concern the guarantee of product conformity, the eviction guarantee or the payment guarantee. It will then be necessary to indicate the precise nature of the guarantee, its duration, the conditions of implementation and any penalties.
Financial clauses can bosnia and herzegovina phone data also be found in this contract. These define the financial aspects of the contract. This therefore concerns the price, the payment terms, late payment penalties and possible price revisions. Each criterion must be detailed to avoid conflicts. The price must therefore be determined or determinable, in accordance with Article 1163 of the Civil Code. The payment terms must be precise.
Liability clauses are also required. They determine the conditions under which a party can be held liable. It will therefore be useful to carefully specify the limits of liability, the exclusions and the conditions for implementing liability.
They define confidential information and must indicate obligations regarding the protection and non-disclosure of information.
Non-competition and non-solicitation clauses protect commercial interests. They limit competitive activities. To be valid, they must be limited in time and space, but also in their object. In this respect, they must comply with the provisions of the Civil Code and case law.
Force Majeure Clauses . When an unforeseeable (or irresistible or external) event occurs, these clauses allow the parties to terminate their obligations. Article 1218 of the Civil Code exempts the parties from their respon
Confidentiality clauses are intended to protect sensitive information.
-
- Posts: 553
- Joined: Thu Jan 02, 2025 7:17 am