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SEVEN DATA POINTS / TIPS FOR CONTRACTS

first Liability

Agreements entered into must be respected. Each party is responsible for ensuring that it can fulfill its commitments effectively.

second Availability:

principle can be verbal contracts. Special contracts such as guaranteed returns, real estate contracts or hire purchase agreements must be in writing. Land assignments and loads of land must also be notarized. The also applies to corporate contracts and limited liability companies must have contracts which form what is laid down in binding sheets and can be obtained from lawyers.

third Written contract

basic contracts should be concluded in writing, even if the writing is not required by law. That misunderstandings are avoided. A contract should answer the following questions:

- Who are the parties?
- What should be regulated in the contract?
- What is the term of the contract?
- What are the notice periods?
- What are the payment and delivery?
- What happens if the terms are not met?

Note: Faxes are not accepted as a written contract form.
e-mails with electronic signature to the Signature Act.

4th Trade practices and usages

young entrepreneurs who may appear on the market, no longer as ignorant consumers (who are often protected by consumer protection) act. Rather, you take the relevant trade usages and practices in the industry.

5th Legal regulations

Many statutory provisions of the Commercial Code concerning the relationships between merchants. Who wants to claim a defective product, must do so immediately: the case of perishable goods, within a very short time, for complicated machinery, within a longer period. Otherwise forfeit the right to compensation or replacement.

6th Language

Certain terms such as warranty, liability or consumer goods and the associated far-reaching consequences should be familiar to young entrepreneurs.

7th Internet commerce

for the legal protection of "electronic commerce" - Contracts (the "norm" for written contracts in paper form by the signature), the law provides for the electronic signature. The contractor can be precisely identified using a signature key.

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