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The content concerns Finnish legislation.
  1. Home⁠
  2. Contracts⁠
  3. Breach of Contract and Its Consequences⁠
  4. Breach of Contract
  1. Breach of Contract and Its Consequences

Breach of Contract

Showing 1-10 of 24 legal articles

  • Buyer's Defect

    The buyer has certain obligations towards the seller, just like the seller has obligations towards the buyer. The buyer has to perform their part of the contract correctly and on time and when the buyer breaches a contract, the seller correspondingly has certain rights. Common breaches of contract by the buyer are late payment, failure to observe the duty of cooperation, and faults and delays resulting from collection or receipt of the goods.
    Read article
  • Seller's Delay

    Contractual relations are based on the presumption that the seller will deliver the agreed goods to the buyer at the agreed time and in the agreed manner. If this does not happen, the seller’s performance is delayed. Delays are primarily assessed on the basis of the contract, but if no contract or applicable privisons exist, the provisions of the Sale of Goods Act are applied.
    Read article
  • Seller’s Defect

    The seller is under an obligation to deliver to the buyer a product which corresponds with the type, quantity, quality and other characteristics agreed in the contract. If the product does not correspond with what has been agreed, it is defective.
    Read article
  • Seller’s Late Performance

    Contractual relations are based on the presumption that the seller will deliver the agreed goods to the buyer at the agreed time and in the agreed manner. If this does not happen, the seller’s performance is delayed. Delays are primarily assessed on the basis of the contract, but if no contract exists or there is a gap in the contract, the Sale of Goods Act is applied.
    Read article
  • Seller's Liability for Damages

    A breach of contract may result in the seller being liable to compensate the buyer for any resulting losses. According to the Sale of Goods Act, the buyer is entitled to damages for losses incurred due to the seller's delay or defects in the goods. The seller can only be relieved of the obligation to pay damages if they can demonstrate that the delay or defect was caused by an unforeseeable impediment beyond their control, which they could not reasonably have anticipated at the time of entering the contract.
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  • Buyer’s Right to Demand Termination of Contract

    Termination of contract is the last resort when a breach of contract has occurred. Termination is possible both when the goods are defective and when the delivery is delayed.
    Read article
  • Seller’s Faulty Performance

    The seller is under an obligation to deliver to the buyer a product, which corresponds with the type, quantity, qualities and other characteristics agreed in the contract. If the product does not correspond with what has been agreed, it is defective.
    Read article
  • Rectifying Defects, Agreement on Rectification and Having the Defect Remedied

    If the performance of a contract is defective, the buyer may demand a rectification of that defect at the seller’s expense. The party has the right to demand the rectification provided that it the rectification will not cause any unreasonable costs or unreasonable inconvenience to the seller.
    Read article
  • Scope of Application of the Sale of Goods Act

    The Sale of Goods Act regulates the sale of goods and the barter of goods, where applicable.
    Read article
  • Consequences of Breach of Contract to the Seller in General

    Consequences of breach of contract to the seller are:
    Read article
Consequences for Breach of Contract to the Seller
8 articles
Consequences for Breach of Contract to the Buyer
4 articles

Showing 1-10 of 24 legal articles

  • Buyer's Defect

    The buyer has certain obligations towards the seller, just like the seller has obligations towards the buyer. The buyer has to perform their part of the contract correctly and on time and when the buyer breaches a contract, the seller correspondingly has certain rights. Common breaches of contract by the buyer are late payment, failure to observe the duty of cooperation, and faults and delays resulting from collection or receipt of the goods.
    Read article
  • Seller's Delay

    Contractual relations are based on the presumption that the seller will deliver the agreed goods to the buyer at the agreed time and in the agreed manner. If this does not happen, the seller’s performance is delayed. Delays are primarily assessed on the basis of the contract, but if no contract or applicable privisons exist, the provisions of the Sale of Goods Act are applied.
    Read article
  • Seller’s Defect

    The seller is under an obligation to deliver to the buyer a product which corresponds with the type, quantity, quality and other characteristics agreed in the contract. If the product does not correspond with what has been agreed, it is defective.
    Read article
  • Seller’s Late Performance

    Contractual relations are based on the presumption that the seller will deliver the agreed goods to the buyer at the agreed time and in the agreed manner. If this does not happen, the seller’s performance is delayed. Delays are primarily assessed on the basis of the contract, but if no contract exists or there is a gap in the contract, the Sale of Goods Act is applied.
    Read article
  • Seller's Liability for Damages

    A breach of contract may result in the seller being liable to compensate the buyer for any resulting losses. According to the Sale of Goods Act, the buyer is entitled to damages for losses incurred due to the seller's delay or defects in the goods. The seller can only be relieved of the obligation to pay damages if they can demonstrate that the delay or defect was caused by an unforeseeable impediment beyond their control, which they could not reasonably have anticipated at the time of entering the contract.
    Read article
  • Buyer’s Right to Demand Termination of Contract

    Termination of contract is the last resort when a breach of contract has occurred. Termination is possible both when the goods are defective and when the delivery is delayed.
    Read article
  • Seller’s Faulty Performance

    The seller is under an obligation to deliver to the buyer a product, which corresponds with the type, quantity, qualities and other characteristics agreed in the contract. If the product does not correspond with what has been agreed, it is defective.
    Read article
  • Rectifying Defects, Agreement on Rectification and Having the Defect Remedied

    If the performance of a contract is defective, the buyer may demand a rectification of that defect at the seller’s expense. The party has the right to demand the rectification provided that it the rectification will not cause any unreasonable costs or unreasonable inconvenience to the seller.
    Read article
  • Scope of Application of the Sale of Goods Act

    The Sale of Goods Act regulates the sale of goods and the barter of goods, where applicable.
    Read article
  • Consequences of Breach of Contract to the Seller in General

    Consequences of breach of contract to the seller are:
    Read article
Consequences for Breach of Contract to the Seller
8 articles
Consequences for Breach of Contract to the Buyer
4 articles

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