Withdrawal from contract in business relations (consequences) Summary Withdrawal from a contract i the instute available to parties that find a contract to be unsound or damaging and that seek to be released from their contractual obligations. The conditions under which a party has the right to withdraw from a contract can be set out in the contract itself, but if the contract does not make specific provision for this then a right to withdrawal may be mandated by law. Following a party's withdrawal from a contract, both (or all) parties will find themselves in a new situation with new mutual rights and obligations. This paper focuses on the regulations governing the consequences of withdrawal from a contract as set out in the Czech Commercial Code. A major aspect of this is an analysis of the theoretical conception of withdrawal ex nunc (one of the most important legal concepts distinguishing current commercial regulations from the regulations set out in the General Civil Code). This paper examines the obligations that end with contract withdrawal, the obligations that survive and outlast the termination of a contract, and the new obligations that bind and affect the parties to the contract once the contract has been terminated by withdrawal. In these contexts, the fate of hedging instruments (such as...
| Identifer | oai:union.ndltd.org:nusl.cz/oai:invenio.nusl.cz:306930 |
| Date | January 2012 |
| Creators | Vacek, Jan |
| Contributors | Čech, Petr, Horáček, Tomáš |
| Source Sets | Czech ETDs |
| Language | Czech |
| Detected Language | English |
| Type | info:eu-repo/semantics/masterThesis |
| Rights | info:eu-repo/semantics/restrictedAccess |
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