Unnamed contracts in economic relations

05/ 01/ 2022

Author: Alexander Bragin, lawyer of Dynasty Law & Investment The constant development of relations between business entities, which is due to the nature of doing business, encourages the need for modernization and contractual relations between their participants, which must adapt to modern conditions of doing business. Although the current legislation defines some types of contracts describing their key terms, including contracts of sale, lease, gift, loan, contract and others, together with this, Articles 6 and 627 of the Civil Code of Ukraine, define a certain freedom of action, which consists in because the participants in economic relations are free to enter into contracts, choose a contractor and determine their terms, they have the right to enter into contracts that are not provided by law, but comply with the general principles of law. Agreements that are not defined by the legislation of Ukraine and at the same time do not contradict it, in modern legal science are defined as unnamed agreements. Thanks to these fundamental rights, such agreements have emerged as the outstaffing agreement, the agency agreement, the forward contract, the non-disclosure agreement, the transfer agreement (in sports) and many others. The emergence of the above-mentioned agreements we owe not only to the Civil Code of Ukraine, but also to the needs of business and the skills of lawyers who were able to harmoniously combine in one contract business request and compliance with legislation in their drafting. Dynasty Law & Investment lawyers have extensive experience in drafting contracts of varying complexity for any business needs, because the correct legal definition of the subject of legal relations, their features and legal regulation, as well as drafting an agreement that will have equal terms for both parties is the key to successful business -relationships.

Author: Alexander Bragin, lawyer of Dynasty Law & Investment

The constant development of relations between business entities, which is due to the nature of doing business, encourages the need for modernization and contractual relations between their participants, which must adapt to modern conditions of doing business. Although the current legislation defines some types of contracts describing their key terms, including contracts of sale, lease, gift, loan, contract and others, together with this, Articles 6 and 627 of the Civil Code of Ukraine, define a certain freedom of action, which consists in because the participants in economic relations are free to enter into contracts, choose a contractor and determine their terms, they have the right to enter into contracts that are not provided by law, but comply with the general principles of law. Agreements that are not defined by the legislation of Ukraine and at the same time do not contradict it, in modern legal science are defined as unnamed agreements.

Thanks to these fundamental rights, such agreements have emerged as the outstaffing agreement, the agency agreement, the forward contract, the non-disclosure agreement, the transfer agreement (in sports) and many others. The emergence of the above-mentioned agreements we owe not only to the Civil Code of Ukraine, but also to the needs of business and the skills of lawyers who were able to harmoniously combine in one contract business request and compliance with legislation in their drafting.

Dynasty Law & Investment lawyers have extensive experience in drafting contracts of varying complexity for any business needs, because the correct legal definition of the subject of legal relations, their features and legal regulation, as well as drafting an agreement that will have equal terms for both parties is the key to successful business -relationships.