Sale of Goods Law
All fields of civil law have in common the aim of regulating conflicting interests. This is especially apparent in sale of goods law.
The purchase agreement represents one of the most important forms of contract in everyday life. In this connection, typical contractual duties arise for both contracting parties.
Material and legal defects in the item purchased often throw up difficulties. In this context, exchange, guarantee or warranty claims can be relevant.
However, the desire of the purchaser to return the item purchased can also be legally complex, as here it must first be ascertained whether the seller of the item is obliged to take it back. Moreover, it can be doubtful whether the purchase price will be reimbursed in such a case or whether the seller has to render so-called supplementary performance in the event of material and legal defects.
Furthermore, the progressive globalisation and mobility of the economy is leading more and more frequently to transnational business contacts. Especially when concluding international purchase agreements, domestic and international business activities should be safeguarded at an early stage through optimal contract design. A well thought out contract design in advance can efficiently guard against legal disputes at a later stage.