Pacta sunt Servanda

Please note that the content of this book primarily consists of articles available from Wikipedia or other free sources online. Pacta sunt servanda (Latin for "agreements must be kept"), is a brocard, a basic principle of civil law and of international law. In its most common sense, the principle refers to private contracts, stressing that contained clauses are law between the parties, and implies that non-fulfilment of respective obligations is a breach of the pact. The general principle of correct behaviour in commercial praxis - and implies the bona fide - is a requirement for the efficacy of the whole system, so the eventual disorder is sometimes punished by the law of some systems even without any direct penalty incurred by any of the parties.

Pagina's: 96, Paperback, Betascript Publishers