Lexicon

‘Cancellation’ is an act in contract law, the purpose of which is to terminate the agreement. The question of whether and how parties can cancel […]

An agreement is concluded through an offer and the acceptance thereof. Assuming that the parties want the agreement and want to declare it as such. […]

In an agreement, most people envision a contract signed by the parties. The conclusion of a contract is, however, form-free and can take place in […]

A fine is an amount due that is the result of an act contrary to the law or a contract. If a penalty is due […]

Force majeure is the term used in English (often in contracts) to indicate a so-called higher power. For more information see force majeure.

The law of obligations is an area of ​​private law. This jurisdiction deals with all types of commitments. It encompasses both contract law and all […]

LOI is short for Letter of Intent. For more information see Letter of Intent.

Een overeenkomst is een meerzijdige rechtshandeling. Dat wil zeggen dat één of meer partijen een verbintenis aangaan met één of meer andere partijen. Overeenkomsten komen tot stand door […]

A penalty clause is a provision in which it is stipulated that if a party fails to fulfil its obligations, a penalty is due. Moderation […]

The right of suspension means that a debtor can suspend the fulfilment of his obligation until the creditor fulfils his obligation (s). Conditions A suspension […]

In principle, agreements are the basis for long-term cooperation. In some cases, however, something occurs, so that cooperation is no longer desirable and you want […]

If a debtor fails to fulfil his obligations under the agreement (falls short), the creditor can claim compensation (in the event of default), demand (still) […]

Termination is an important aspect of contracts. In the Netherlands, there is contractual freedom. This means that, in principle, everyone is free to determine the […]