Contract breach means the obligee is breached and has the right to require the obligor to pay a certain fine for the breach of the contract. The purpose of developing this type of sanctions is to deter, prevent violations and educate about compliance with commitments made in the contract and punish the breaching party. Besides, to be able to apply sanctions for breach of contract, it is also necessary to meet the basic conditions. However, in fact, many enterprises do not understand clearly or fully understand the law, leading to many cases, even though their partners violate the contract, they are still not compensated for damage. So what issues should enterprises pay attention to to be able to ensure their interests in this issue?
This is the main content of the Business and Law program (VTV2) dated December 03, 2020 through the discussion and analysis of experts with the topic: CONDITIONS FOR THE APPLICATION OF FINES AGAINST BREACH OF CONTRACT.
Mr. Phung Quang Cuong, Partner of NHQuang&Associates is one of the two guests of this program.
Watch the full video at: https://www.youtube.com/watch?v=CUnBE-g8GFM&feature=youtu.be