contract

1. III. MAIN LEGAL TEXTS
3.1. Contracts

2. 2.1. Conditions to subscribe a contract
 There is an offer by one party
(offeror) accepted by an offeree
 Enforceable contract, parties
must agree on price + subject
matter
 Enforceable agreement may be
manifested in express contract or
implied contract

3. Common clause types
 A) Acceleration: cláusula de
amortización anticipada
 B) Assignment: cesión / traspaso
 C) Confidenciality:
confidencialidad
 D) Consideration: prestación

4.  E) Force Majeure: fuerza mayor
 F) Liquidated Damages:
indemnización por daños y
perjuicios
 G) Entire agreement:
 H) Severability
 I) Termination: cese, extinción
 J) Payment of costs: pago de las
costas

5. Defences to contract formation
 1- Illegality of the subject matter
 2- fraud in the inducement
 3- duress: coacción
 4- lack of legal capacity

6. Contract remedies
 Pecuniary compensation
 Specific performance:
cumplimiento del contrato
 Rescission of the contract:
extinción del contrato

7. Main types of contracts
 A) Purchase-sale contract:
contrato de compra-venta
 B) Lease or leasehold: contrato
de arrendamiento
 C) Contract of employment:
contrato de trabajo

8. a) Purchase- sale contracts
 Types: real property, materials
 Must be legalised by deed
(escritura)
 Can be terminated by performance
of contract, mutual consent,
novation or breach of contract

9. B) Lease or leasehold
 Parties: owner of a real state (bien
immueble) or lessor and tenant
 Covenants (pactos): parties to the
contract, term / length, description of real
property, rent, insurance, repairs and
maintenance
 Types of tenancy(arrendamiento): a) for
a fixed term b) periodic c) tenancy at
will (inquilinato sin plazo fijo)

10. C) Contract of employment
 Types: full time or part-time
 Causes of the termination: unfair
dismissal (despido improcedente),
redundancy (despido por
regulación de plantilla)
 Remedies applied by Industrial
Tribunals (unfair dismissal):
reinstatement, reengagement,
compensation