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Browse our 1 legal question about Contract in Russia and the lawyer answers, or ask your own questions for free.
Contract law in Moscow — just as in the rest of Russia — listens to the tenets of Russian Civil Code. The law mandates all agreements and commitments made between local or foreign entities to be legally enforceable. A contract in Russia can be drawn up either orally or in writing, as per Article 432 of the Civil Code. Yet, certain types of contracts like real estate and joint venture mandate a written form. The legality of a contract is based on its fulfilment of the 'Cause of a Contract' and 'Price of a Contract' conditions. The law offers protection against unfair provisions and respects the principle of good faith.
While contracts can be oral, a written documentation ensures legal enforceability and clarity. Enlisting a lawyer's assistance can help you safeguard your interests, understand legal jargon, avoid potential disputes, and ensure the contract abides by the Russian laws. A lawyer is often essential when dealing with complex contracts like mergers and acquisitions, joint ventures, real estate transactions, or when dealing with international contracts where both Russian and foreign laws come into consideration.
Key provisions of the contract law in Moscow are extensively outlined in the Russian Civil Code; especially in parts one and two. According to Article 421, a contract is considered lawful if it doesn't go against the law, morals, order, or rights of other parties. 'The Cause of a Contract' (Article 430) condition necessitates clear mutual obligations, while 'The Price of a Contract' condition obliges the price tag to be clearly defined or definable. Underlying all these is the good faith principle, which expects honesty and fairness from involved parties (Article 1).
The Russian Civil Code imposes liabilities on the party breaching the contract; this could be penalties, damages, or even contract termination. The victim can sue the defaulting party.
Yes, as long as the contract's contents abide by the Russian law and respect both the rights and obligations of the parties involved.
Yes, under certain circumstances and as per the provisions made in the contract or the Civil Code, a contract can be terminated.
'Force Majeure' refers to unforeseeable circumstances, such as natural disasters, which prevent someone from fulfilling a contract. The Russian law respects this provision.
Yes, oral contracts are legally enforceable, except for specific ones, like real estate transactions.
The full text of the Russian Civil Code is a valuable resource for understanding contracts in Moscow, Russia. The Ministry of Justice of the Russian Federation and Russian Arbitration Association can offer further guidance. For a simpler understanding of contracts, one can refer to various legal blogs and websites like Pravo.ru.
For professional legal assistance, it is advised to contact a registered law firm or legal practician specializing in contract law in Moscow. They can guide you through your legal rights, inform you about the local laws, and help you navigate the intricacies of Russian Contract laws for a fair and legally robust contract.
