Unit 5 - Commercial Contracts

These flashcards cover key concepts and definitions related to commercial contracts as discussed in the lecture.

Agency Contract

An agreement where an independent intermediary promotes or closes trade operations on behalf of a principal, without assuming risk unless otherwise stated.

Obligations of the Entrepreneur

Duties that the entrepreneur must fulfill including providing necessary information and documents to the agent.

Remuneration of the Agent

Compensation for the agent which may include a fixed amount, commission, or a combination, without reimbursement for expenses unless agreed otherwise.

Transportation Contract

A contract in which a carrier commits to transport goods and make them available to the recipient in exchange for payment.

Carrier

The entity that transports goods, either by itself or through another party, typically under its own commercial name.

Waybill

A mandatory transport document that is filled upon delivery of goods, serving as proof of contract.

Stages of the Transportation Contract

Three stages including conditioning and delivery, transportation, and arrival at destination.

Carrier's Responsibility

Liability for total or partial loss of goods during transportation, with specific timeframes and calculations for claims.

Compensation for Clientele

Financial remuneration provided to the agent for bringing new clients or significantly increasing operations with existing clients, limited to specific amounts.

Prohibition of Competition

An agent's restriction from competing against the principal unless authorized, including a post-contractual agreement lasting up to two years.