Articles

Responsibility for repairing equipment

Service maintenance is usually based on mutual agreement between the parties. The contractual relationship is based on the fact that contracts must be hold. In case a person does not fulfill his contractual obligation, the injured party has the right to compensation...

Delivery clauses in contracts

The delivery clauses clarify the buyer and seller’s rights and obligations regarding the delivery and handing over of the goods. The delivery terms often relate to the transport of goods at distance selling. Delivery clauses are of great importance in assessing...

Oral agreement in court

An oral agreement binds its parties, such as a written agreement in accordance with the principle of binding nature of contracts (pacta sunt servanda). We are also talking about the freedom of form in making contracts. The contract will be concluded with an acceptable...

Cancelling the deal and the right for refund in retail and e-commerce

This article has been published in fashion business special journal Modin. What is retail trade? Retail is selling products to their actual users, consumers who are private persons. In Finland, retail between an entrepreneur and a consumer is regulated by the Consumer...

What is indirect loss and how to compensate it?

Indirect loss is consequential damage. Indirect loss is typically a disadvantage that appears otherwise than as actual costs. The opposite of consequential damage is direct damage. Drawing the line between direct and indirect loss can sometimes be challenging....