General Types of Contract
Showing 1-10 of 95 legal articles
Termination of the Land Lease Agreement
A land lease agreement for a fixed term terminates upon expiry of the term without the need for a notice. One may serve notice of termination on a land lease agreement for a fixed term only on statutory grounds set forth in the Tenancy Act, and the parties may not agree on other grounds for termination in the agreement, except in agreements for lease of developed farmland and agricultural and lease of other land. An agreement regarding lease of a plot of land cannot be terminated at all.Transport and Terms of Delivery in International Trade
Transport is an essential part of the transaction in international trade, and well-arranged logistics services may increase business. Nevertheless, arranging transportation requires thorough knowledge of this business segment. Protection against transportation risks should become a part of the enterprise risk management.The Parties’ Obligations
The agent must to the best of his/her abilities promote the sales of the agreed products in the agreed territory, and attend to the interests of the principal. It is also possible to agree upon a minimum sales obligation for the agent.Term of License Agreements
A license agreement should set out the term of the license. Agreements are often for lengthy, fixed term agreements. A license agreement can include a termination clause.Lease of Other Residential Area
When an estate, other land area, or a plot of land without attaching the rights of a plot lease, is leased for purposes of the tenants permanent residence, either in the tenant’s building or a building to be built by the tenant, such lease constitutes lease of other residential area.Terms of Payment in International Trade
Transaction price and currency are essential terms of a transaction. It must also be defined what is included in the price. Terms of delivery have a material effect on the transaction price. Furthermore, possible discounts and bank charges have an effect on the total price. As a rule, the party who as the bank’s customer instructs the bank to carry out the payment is charged with the bank charges.Duties of the Principal
The most important duty of the principal is, naturally, payment of the agent’s commission. The agent is entitled to a reasonable commission for the performed work, and compensation for the costs incurred in connection therewith. This applies even in the absence of an agreement regarding compensation. The parties must explicitly agree if the assignment is intended to be gratis. It is advisable to agree on the commission amount, or at least the grounds for calculating the commission, in the commission agreement. The commission can be agreed, for example, as a fixed fee or as a fee based on the amount of time spent on the assignment.The Agent’s Entitlement to Commission Following Termination and Indemnification
Pursuant to the Act on Commercial Representatives and Salesmen, an agent shall be entitled to commission for transactions concluded following termination of the agency agreement, if the conclusion of such transactions was due to the agent’s contribution, and the offer reached the principal or the agent prior to termination of the agency agreement. The entitlement shall also arise provided that the conclusion of the transaction can be deemed to be mainly attributable to the agent’s contributions during the term of the agency agreement, and that the transaction was concluded within a reasonable period after the termination of the agency agreement.Preventing Infringements of Intellectual Property Rights
License agreements often require both parties to take measures against a third party infringing the licensed rights. This requirement is rational, as it is in the best interests of both the licensor and the licensee that the rights are not infringed. Court proceedings are often very expensive, so the parties should agree in the license agreement on division of the expenses relating to court or arbitration proceedings, as well as on the obligation of each party to assist and provide information to the other party in an action against a third party.Lease of Other Land
Leases of developed farmland and agricultural land are subject to the general provisions of the Tenancy Act, as well as a number of special provisions, some of which are set out below. The term of the lease agreement can be either for a fixed term or until further notice. A fixed-term tenancy may not exceed 100 years in duration.
Showing 1-10 of 95 legal articles
Termination of the Land Lease Agreement
A land lease agreement for a fixed term terminates upon expiry of the term without the need for a notice. One may serve notice of termination on a land lease agreement for a fixed term only on statutory grounds set forth in the Tenancy Act, and the parties may not agree on other grounds for termination in the agreement, except in agreements for lease of developed farmland and agricultural and lease of other land. An agreement regarding lease of a plot of land cannot be terminated at all.Transport and Terms of Delivery in International Trade
Transport is an essential part of the transaction in international trade, and well-arranged logistics services may increase business. Nevertheless, arranging transportation requires thorough knowledge of this business segment. Protection against transportation risks should become a part of the enterprise risk management.The Parties’ Obligations
The agent must to the best of his/her abilities promote the sales of the agreed products in the agreed territory, and attend to the interests of the principal. It is also possible to agree upon a minimum sales obligation for the agent.Term of License Agreements
A license agreement should set out the term of the license. Agreements are often for lengthy, fixed term agreements. A license agreement can include a termination clause.Lease of Other Residential Area
When an estate, other land area, or a plot of land without attaching the rights of a plot lease, is leased for purposes of the tenants permanent residence, either in the tenant’s building or a building to be built by the tenant, such lease constitutes lease of other residential area.Terms of Payment in International Trade
Transaction price and currency are essential terms of a transaction. It must also be defined what is included in the price. Terms of delivery have a material effect on the transaction price. Furthermore, possible discounts and bank charges have an effect on the total price. As a rule, the party who as the bank’s customer instructs the bank to carry out the payment is charged with the bank charges.Duties of the Principal
The most important duty of the principal is, naturally, payment of the agent’s commission. The agent is entitled to a reasonable commission for the performed work, and compensation for the costs incurred in connection therewith. This applies even in the absence of an agreement regarding compensation. The parties must explicitly agree if the assignment is intended to be gratis. It is advisable to agree on the commission amount, or at least the grounds for calculating the commission, in the commission agreement. The commission can be agreed, for example, as a fixed fee or as a fee based on the amount of time spent on the assignment.The Agent’s Entitlement to Commission Following Termination and Indemnification
Pursuant to the Act on Commercial Representatives and Salesmen, an agent shall be entitled to commission for transactions concluded following termination of the agency agreement, if the conclusion of such transactions was due to the agent’s contribution, and the offer reached the principal or the agent prior to termination of the agency agreement. The entitlement shall also arise provided that the conclusion of the transaction can be deemed to be mainly attributable to the agent’s contributions during the term of the agency agreement, and that the transaction was concluded within a reasonable period after the termination of the agency agreement.Preventing Infringements of Intellectual Property Rights
License agreements often require both parties to take measures against a third party infringing the licensed rights. This requirement is rational, as it is in the best interests of both the licensor and the licensee that the rights are not infringed. Court proceedings are often very expensive, so the parties should agree in the license agreement on division of the expenses relating to court or arbitration proceedings, as well as on the obligation of each party to assist and provide information to the other party in an action against a third party.Lease of Other Land
Leases of developed farmland and agricultural land are subject to the general provisions of the Tenancy Act, as well as a number of special provisions, some of which are set out below. The term of the lease agreement can be either for a fixed term or until further notice. A fixed-term tenancy may not exceed 100 years in duration.