Contracts

Contractual law in the Republic of Moldova is highly complex, due to the latest updates that modernize civil law by adjusting it according to the current state of international law development. The amendments are
based on DCFR. The new contract regulations bring friendly changes, both to the business environment and to the citizens.

These changes stipulate: the principle of good faith as a main tool in negotiations, as well as the conclusion and execution of contracts. Another change consists of the contractual freedom as a leading principle of contract law, according to which, parties are entitled to establish the content of the contract and the extension of rights and duties.

Due to these changes, the institution of remedies for failure to carry out duties has been strengthened.

Currently the Civil Code provides a complex system of remedies (damages, termination etc.), having contract execution at its core. Currently the provisions on remedies from the general part are applicable to all contracts in Title III of the Civil Code.

Title III of the Civil Code stipulates particular types of agreements: sale; exchange agreement; donation, loan agreement, lease agreement, service agreement, carriage agreement, banking agreements; franchise agreement, etc.