Tag Archives: commercial law

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Pre-contractual phase – why is it important?

Although the rights and obligations arise only with the conclusion of the contract, the legal relationship is formed already in the negotiation phase, where the parties may have certain pre-contractual obligations. These are the so-called pre-contractual information obligations, which enable the parties to make the right decision, identify themselves, and clarify certain contractual rights and obligations. In principle, it is everyone’s responsibility to obtain information, but sometimes that is not so easy, for example, in the relationship between the consumer and the business, which prepares the terms of the contract in advance. In case of breach of pre-contractual obligations, a party is liable for damages (culpa in contrahendo). Do you need more information abou commercial law?

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