WHICH TERMS SHOULD BE EXPRESSED FOR THE CONTRACT?

In the vast majority of cases, only the conclusion of a contract in writing guarantees in the future its proper performance by the counterparty, and in case of non-fulfillment – ensures receipt of an adequate compensation.


Proper contracting allows you to:
• clearly define the scope of rights and responsibilities for both the customer and the executor;
• determine the algorithm of actions in the event of any unforeseen events, for example, in cases of non-fulfillment of obligations by the debtors of the contractor, the occurrence of force majeure circumstances, delays in the payment, etc.;
• to settle financial issues between the parties, including the order and terms of payment;
• to establish mechanisms of compensation in case of violation by one of the parties of their duties – to provide for payment of a fine (one-time payment), a fine (the amount for each day of delay), inflation costs, the return of money, taking into account the change of the dollar rate, etc.
Lack of the necessary legal knowledge, proper experience, ignorance of judicial practice, customs of business turnover leads to the conclusion of a contract, which, in case of a controversial situation, will not protect your interests.

Author: Ivan Ishchuk

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