Business agreements shall be entered into according to
the rules established by the Civil Code of Ukraine taking into account the
specific features envisaged by Economic Code of Ukraine and other legal and regulatory acts with
regard to specific types of agreements.
An agreement shall be an arrangement between two or more parties
targeted at the establishment, change, or termination of civil rights
and responsibilities.
Provisions (items) established at the discretion of the parties and
agreed upon between them, other provisions compulsory per the acts of civil
legislation shall constitute the content of an agreement.
The parties shall be free to conclude an agreement, to select a counter
agent and to determine the provisions of the agreement taking into consideration
the requirements of Civil Code of Ukraine, Economic Code of Ukraine, other acts
of civil legislation, customs of business turnover, requirements of rationality
and justice.
Term of agreement shall be a period of time, during which the parties
can realize their rights and fulfill their obligations pursuant to the
agreement. An agreement shall come into effect since the moment of its
conclusion.
Public agreement shall be an agreement, where one party - an entrepreneur has undertaken
an obligation to sell commodities, fulfill jobs or provide services to anybody
addressed it (retail sales, municipal transportation, communication services,
medical, hotel, bank services etc.).
An agreement of
adhesion shall be an agreement in which one of the parties has
determined its provisions in set forms or other standard formats and which may
be concluded only by way of another party’s joining the proposed agreement as a
whole. The other party may not propose its provisions of the agreement.
An interlocutory
agreement shall be an agreement, the parties hereto are obliged
to conclude an agreement during a certain period (a certain term) in the future
(a principal agreement) upon the provisions established by the interlocutory
(previous) agreement.
Agreement to third
person’s benefit shall be an agreement in which a
debtor is obliged to discharge his obligation to the benefit of the third person
established or not established in the agreement.
An agreement shall be concluded, if the parties have duly reached a
consensus on all its essential provisions.
An agreement shall be concluded since the moment a person who sent an
offer for the
agreement conclusion receives a response about acceptance of this offer.
An agreement may be concluded in any form, unless the law stipulates the
requirements to its form.
An agreement shall be concluded at a residence place of a physical
person or a place of location of a legal entity that made an offer to conclude
an agreement, unless otherwise is established by the agreement.
Amendment or cancellation of the agreement shall be allowed only by the
parties’ consent, unless otherwise is established by the agreement or the law.
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