I. INTRODUCTION In a market economy, commercial activities take place dynamically with the participation of various entities for profit-making purposes. Commercial relationships are primarily established through contracts; however, not all damages arising in the course of business originate from contractual breaches. In practice, liability may arise from the non-performance or improper performance of agreed obligations, […]
Civil contracts and commercial contracts are two prevalent types of agreements in practice. What are the similarities and differences between these two contract types in Vietnam? 1. General The term “civil” can be understood in two contexts: first, in a narrow sense, referring to purely civil matters such as inheritance and family relationships; and second, […]