An agreement to enter into a contract under the Commercial Code

AGREEMENT ON FUTURE AGREEMENT ACCORDING TO PROVISIONS OF CZECH COMMERCIAL CODE The aim of this thesis was to describe the current statutory provisions relating to an agreement on future agreement according to the Act. No. 513/1991 Coll., the Commercial Code of the Czech Republic, as amended, to distinguish its provisions in comparison with the provisions on agreement on future agreement according to Act no. 40/1964 Coll., the Civil Code, as amended, and to point to certain areas of legislation which are not sufficiently clear and to provide suggestions for dealing with them. The method used was description with the use of available specialist literature and case law (bearing in mind case law is not a source of law in the Czech Republic per se, and form only a supportive role), and in cases where legislation and case law could not provide a sufficient answer, author gave his own opinion on the given matter with his reasoning for it. The agreement on future agreement according to provisions of Czech Commercial Code must, in order to be valid, be made in writing, contain obligation of at least one party to conclude future agreement that must be described at least generally. The obligation to conclude future agreement expires, besides general ways of expiration, also by frustration, i.e. by such a change of..