Law of Contract and Torts

Law of Contract and Torts

Compensation for damage due to price change

Damage due to a price change can occur due to a delay in the performance of a monetary obligation established by the contract, i.e. the termination of the contract or due to a delay in the performance of an obligation determined by a legally binding decision. It can only be realised in the manner and…
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Law of Contract and Torts

Compensation for profit lost

According to the provisions of the Law of Contract and Torts, in addition to the right to compensation for ordinary damages, the injured party has the right to compensation in the form of profit lost. Common damage represents a decrease in an existing property. At the same time, the profit lost is damage reflected in…
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Law of Contract and Torts

License agreement

A license agreement is governed by the provisions of Articles 686 to 711 of the Law of Contract and Torts. By a licensing agreement a licensor shall assume the obligation to assign to a licensee, entirely or partially, the right of use (franchise) of an invention, technical know-how and experience, trade-mark, sample or model, while…
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Law on Cotract and Torts

Financing of the company by the founders through loan

Contracting and implementation of the loan to the company from the founders is almost entirely governed by the provisions of the Law on Contracts and Torts. The Companies Act in the part Additional Payments and Loan to the Company (Articles from 178 to 181) prescribes manner of esblishing the additional payment obligation, consequences of failure…
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Law on Obligations

Cession of claims by contract

Cession of claims by contract is governed by the provisions of Articles 436 to 445 of the Law on Obligations and resulting in a substitution of creditor in obligations. Subject of Contract A creditor may carry out the cession of his claim by a contract entered into with a third person, except a claim whose…
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The Law on Contract and Torts

Assumptions of liability for damages

Liability for damage exists if the following special conditions have been met: injured person and tort-feasor (subjects) harmful action damage unlawfulness of the tort-feasor’s action established causal link between undertaken harmful action and harmful consequence fault of tort-feasor. Assumptions of liability for damages vary depending on whether liability for damages based on the criterion of…
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