Law on Obligations

Law of Contract and Tort

Liability for another

Liability for another was regulated by the provisions of Articles from 164. to 169 of the Law of Contract and Tort. With liability for another varies the perpetrator of damage – tort-feasor from the responsible person – a person who is obliged to compensate the caused damage. Liability for the other was established in the…
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Law on Contracts and Torts

Indemnity for Damage to Property

The basic rules applicable to indemnity for damage to property are regulated by the provisions of the Law on Contracts and Torts (Articles from 185 to 198). By the provisions of Articel 185 of the Law on Contracts and Torts indemnity for damage to property is defined as re-establishing of the previous situation and an…
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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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Life insurance contract

Insurance of persons – general rules and excluded risks

The Law of Contract and Torts by the provisions of Articles 942 to 953 governs general rules as well as risks that are not covered by the life insurance contract. General rules Determination of the Insured Amount In contracts of insurance of persons (life insurance and accident insurance), the amount of insurance to be paid…
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Legal, contractual and unilateral compensation

Compensation

Compensation is a method of the termination of debts and claims without fulfillment. On the basis of compensation in relation to one person shall be terminated debts and claims which exist towards another person without fulfillment. Compensation may be legal, contractual and unilateral. Legal compensation is compensation which is conducted on the basis of the law,…
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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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