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LAW ON CONTRACTS AND OBLIGATIONS

Promulgated State Gazette No. 275/22.11.1950

Rectified SG No.2/1950; Amended SG No. 69/1951; 92/1952;
85/1963; 27/1973; 16/1977; 28/1982; 30/1990; 12 & 56/1993; 83/1996

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8. (Amended, SG No. 12/1993) A contract is an agreement between two or more persons to create, regulate or terminate a legal relationship between them.

Persons shall use of their rights to satisfy their interests. They shall not exercise such rights against the interests of society.

9. (Amended, SG No. 12/1993) The parties may determine the content of the contract insofar as it does not contravene the mandatory provisions of the law and good morals.

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