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Mediation Clause In Commercial Contracts (The Advantages Of Mediation Clause In Commercial Contracts)

Author

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  • Claudiu Florinel Augustin Ignat

    (Faculty of Law and Public Administration Craiova, Spiru Haret University, Romania)

Abstract

It often happens that the end of the contracts to be existing commercial relationships and a new contract has already intuitu personae character. But not always the case, that those who enter into legal commercial forcing consideration to the benefits and under commercial contracts, know the dealer or individual that established commercial relations. These traders resort to contractual conditions which states precisely the extent of the obligations assumed by each party, setting rules, deadlines, penalties and even ways of interpretation of contracts. Contracting Parties, namely traders aware that the law is the contract parties by special caluze invest ( to settle disputes concerning the interpretation or punishment for failure and even termination obligations) tribunalule arbitration courts or the territorial and material.

Suggested Citation

  • Claudiu Florinel Augustin Ignat, 2013. "Mediation Clause In Commercial Contracts (The Advantages Of Mediation Clause In Commercial Contracts)," Perspectives of Law and Public Administration, Societatea de Stiinte Juridice si Administrative (Society of Juridical and Administrative Sciences), vol. 2(1), pages 113-115, December.
    • Handle: RePEc:sja:journl:v:2:y:2013:i:1:p:113-115
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    File URL: http://www.businesslawconference.ro/revista/articole/an2nr1/16%20Ignat%20Claudiu%20EN.pdf
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    More about this item

    Keywords

    contract; clause contract; clause mediation; commercial contracts; legal commercial;
    All these keywords.

    JEL classification:

    • K12 - Law and Economics - - Basic Areas of Law - - - Contract Law
    • K22 - Law and Economics - - Regulation and Business Law - - - Business and Securities Law

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