Contract Law

Contract Law and General Terms and Conditions

Contracts primarily serve to avoid disputes. To this end, they must clearly and precisely regulate all rights of the involved contractual parties. This insight is widespread for extraordinary business transactions (contractual partners in a non-European country, rare contract forms). However, the same principle applies to seemingly standard everyday transactions.

The statement: “I’ve known them for years…” is recognized as dangerous at the latest when the contractual partner encounters economic problems or the contact person changes. Then, only the written word counts, as it’s the only thing that can be proven. Therefore, a good, clear contractual basis is of utmost importance, even if you “know each other so well”. We are happy to help develop contracts that both parties feel comfortable with.

The focus areas of our consultation are

• Examination and creation of General Terms and Conditions (GTCs) for inter-industrial supply and purchasing business as well as for contractual relationships with retailers

• Warranty and guarantee issues, including drafting of guarantee statements

• Support in disputes surrounding supply/purchase and sales contracts

Contract law has undergone significant changes due to the so-called reform of the law of obligations, which came into effect on January 1, 2002. Even today, more than 10 years after its implementation, numerous implications remain unclear due to a lack of supreme court rulings. It is therefore all the more important to protect oneself against possible negative consequences as best as possible and to conduct a risk assessment.

In addition, we are available for other questions related to contracts, whether service or work contracts, loans, guarantees, or brokerage agreements.