MUTUAL CONCESSIONS - SPECIFIC ELEMENT OF THE COMPROMISE/TRANSACTION CONTRACT

Georgeta-Bianca Spîrchez ()
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Georgeta-Bianca Spîrchez: Faculty of Law and Administrative Sciences, University of Craiova, Romania

Perspectives of Law and Public Administration, 2012, vol. 1, issue 1, 115-118

Abstract: Given the usefulness and practical importance of the compromise contract conclusion and of the amicably dispute resolution, within the business world, we aim to analyze, in what follows, the concrete means by which these kind of settlement are achieved. Two questions become legitimate in the context of concerns about mutual concessions which the parties make in a compromise contract. These questions are the following: "What are the mutual concessions? Do mutual concessions mean equivalent concessions?" and "How mutual concessions are required to complete a valid settlement? Is the requirement of mutual concessions grounded?"

Keywords: compromise (contract); mutual concessions; waiving the right; waiving the claim (search for similar items in EconPapers)
JEL-codes: K12 (search for similar items in EconPapers)
Date: 2012
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Persistent link: https://EconPapers.repec.org/RePEc:sja:journl:v:1:y:2012:i:1:p:115-118

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