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Contract Law in Latvia by RASNACS

Contract Law in Latvia

By Kalvis Torgans, Janis Karklinš, Vadim Mantrov, Lauris Rasnacs


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Derived from the renowned multi-volume International Encyclopaedia of Laws, this practical analysis of the law of contracts in Latvia covers every aspect of the subject – definition and classification of contracts, contractual liability, relation to the law of property, good faith, burden of proof, defects, penalty clauses, arbitration clauses, remedies in case of non-performance, damages, power of attorney, and much more. Lawyers who handle transnational contracts will appreciate the explanation of fundamental differences in terminology, application, and procedure from one legal system to another, as well as the international aspects of contract law. Throughout the book, the treatment emphasizes drafting considerations.

An introduction in which contracts are defined and contrasted to torts, quasi-contracts, and property is followed by a discussion of the concepts of ‘consideration’ or ‘cause’ and other underlying principles of the formation of contract. Subsequent chapters cover the doctrines of ‘relative effect’, termination of contract, and remedies for non-performance. The second part of the book, recognizing the need to categorize an agreement as a specific contract in order to determine the rules which apply to it, describes the nature of agency, sale, lease, building contracts, and other types of contract. Facts are presented in such a way that readers who are unfamiliar with specific terms and concepts in varying contexts will fully grasp their meaning and significance.

Its succinct yet scholarly nature, as well as the practical quality of the information it provides, make this book a valuable time-saving tool for business and legal professionals alike. Lawyers representing parties with interests in Latvia will welcome this very useful guide, and academics and researchers will appreciate its value in the study of comparative contract law.

Publish Date 11/18/2020
Product Line Kluwer Law International
ISBN 9789403530123
SKU 10087006-0001
Table of Contents

The Authors

List of Abbreviations


General Introduction

Introduction to the Law of Contracts

Part I. General Principles of the Law of Contract

Chapter 1. Formation

Chapter 2. Conditions of Substantive Validity

Chapter 3. The Contents of a Contract

Chapter 4. Privity of Contract

Chapter 5. Termination of Contract

Chapter 6. Remedies

Part II. Specific Contracts

Chapter 1. Agency and Other Contractual Relationships Related to Managing Someone Else’s Property

Chapter 2. Bailment and Other Return Contracts

Chapter 3. Gaming and Wagering

Chapter 4. Sale of Goods and Other Contracts for Transfer of Ownership

Chapter 5. Contracts for Work and Services (Including Building Contracts, Hire of Work and Skills)

Chapter 6. Lease and Rental Contracts

Chapter 7. Compromise Settlement

Chapter 8. Suretyship

Chapter 9. Pledge and Other Instruments for Reinforcing Obligations

Chapter 10. Loan Contracts

Chapter 11. Contracts with the Government and Other Public Administrative Bodies

Chapter 12. Contract of Partnership

Chapter 13. Quasi-contracts

Chapter 14. Donation

Selected Bibliography