Subject Matter and Scope
The subject matter of the contract must be clearly and exhaustively described. An unclear subject leads to disputes during performance. Check that the obligations are specific, measurable, and achievable within the agreed timeframe.
Price and Payment Terms
Clarify the exact price, including whether it includes VAT. Pay attention to deferred payment conditions, advance payments, and late payment penalties. Automatic price indexation clauses can lead to significant additional costs.
Term and Termination
Be careful with automatic renewal — many contracts renew automatically unless written notice is given within a set period. Check the conditions for early termination and whether a penalty is provided.
Penalties and Limitation of Liability
Penalty clauses must be fair and proportionate. Clauses limiting or excluding liability may leave you without protection for damages suffered.
Governing Law and Jurisdiction
In contracts with an international element, it is important which law is stated as applicable and which court has jurisdiction.
Note: This article is for informational purposes and does not constitute individual legal advice.