Withdrawal from contract in business relations (preconditions and consequences)

Withdrawal from contract in business relations (preconditions and consequences) Summary Withdrawal from the agreement is an import institute unilaterally enabling to induce premature termination of a contract, duration of which is no longer desirable - especially in case the continuation of this commitment relationship results in the situation when one of the parties is threatened by the danger of damage. Such circumstances justify above all the existence of the right to withdraw from the contract as an exception to the principle of pacta sunt servanda. This work is mainly focused on analysing the problems of the consequences of withdrawal, only a part urgently needed is concentrated on the assumptions of such an act so that the work forms a compact unit. Regarding the mentioned above, the first part of the work generally deals with the assumptions that must be met so that the authorized party can exercise their right to withdraw from the contract. The moment when the withdrawal takes its effect does not also remain forgotten in this section. Further, the core of the work deals with the consequences of the withdrawal itself. There is a more detailed comparison of the effects of such withdrawal ex nunc and ex tunc, i.e. different excercise of commercial and civil law is being compared. There is great part..