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Web-course on Transport, Shipping and International Trade: “Contracts in English Law (Part 2)”

09/ 04/ 2020
  English law is well-known for its flexibility and informality. Probably, in part, these properties also helped to strengthen its position in the international trade market. However, the transparency and specificity of the intentions of the contract parties are important, because the arbitrators interpretation of the provisions during the litigation may play against you. At the second webinar on the topic Contracts in English Law, of the Transport, Shipping and International trade Web-course, we continued a comprehensive analysis of English Law contracts and focused mostly on the typology of contract terms and conditions. Also, made their comparative characteristics in the context of Ukrainian and English Law. Thus, according to the legislation of Ukraine, there are 2 types of contractual terms: essential (established by law and constituting the subject of the contract) and insignificant (ordinary or accidental). And English Law distinguishes express terms (expressly communicated and set out in the contract) and implied (not set out expressly, but implied by law, custom or fact). Violation of an implied term leads to the possibility of termination of the contract by an innocent party and obtaining compensation for damages connected with a breach. The topic turned out to be really complex and difficult for understanding, but Interlegal speakers made every effort to reveal it to you! Thank you all for the thirst for knowledge and to meet you at the next course webinars!

English law is well-known for its flexibility and informality. Probably, in part, these properties also helped to strengthen its position in the international trade market. However, the transparency and specificity of the intentions of the contract parties are important, because the arbitrators’ interpretation of the provisions during the litigation may play against you.

At the second webinar on the topic “Contracts in English Law”, of the Transport, Shipping and International trade Web-course, we continued a comprehensive analysis of English Law contracts and focused mostly on the typology of contract terms and conditions. Also, made their comparative characteristics in the context of Ukrainian and English Law. Thus, according to the legislation of Ukraine, there are 2 types of contractual terms: essential (established by law and constituting the subject of the contract) and insignificant (ordinary or accidental). And English Law distinguishes express terms (expressly communicated and set out in the contract) and implied (not set out expressly, but implied by law, custom or fact). Violation of an implied term leads to the possibility of termination of the contract by an innocent party and obtaining compensation for damages connected with a breach.

The topic turned out to be really complex and difficult for understanding, but Interlegal speakers made every effort to reveal it to you! Thank you all for the thirst for knowledge and to meet you at the next course webinars!

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