Teljesítéskor

Teljesítéskor is a Hungarian term that translates to "upon completion" or "at the time of fulfillment" in English. It refers to the point in time when a contractual obligation is met. This concept is crucial in contract law, as it determines when rights and responsibilities arise or cease.

In the context of a contract, "teljesítéskor" signifies the moment when a party has performed its part of the agreement as stipulated. For example, if a contract involves the delivery of goods, "teljesítéskor" would be the moment the goods are handed over to the buyer. If it involves a service, it would be when the service is rendered. The precise timing of "teljesítéskor" can be explicitly defined within the contract or determined by legal principles if not specified.

Understanding "teljesítéskor" is important for various legal and financial implications. It often marks the trigger for payment obligations, the transfer of ownership, or the end of liability for certain breaches. Disputes can arise if parties disagree on when "teljesítéskor" has occurred, leading to potential legal action to clarify the contractual terms and the fulfillment of obligations. The concept ensures clarity and accountability in contractual relationships by establishing a definitive point for the completion of agreed-upon actions.