Võlaõigusseaduses

The Võlaõigusseadus, often translated as the Law of Obligations Act, is the primary legislation governing contractual relationships and obligations in Estonia. Enacted in 2001 and taking effect in 2002, it replaced older Soviet-era laws and modernized Estonian civil law. This comprehensive act provides a framework for various types of contracts, including sales, leases, services, and loans, detailing the rights and responsibilities of parties involved.

The Võlaõigusseadus covers fundamental principles of contract law, such as the formation of contracts, their interpretation, performance, breach, and termination. It addresses issues like damages, penalties, and the statute of limitations for claims. The Act also deals with specific types of obligations, including tortious liability (delictual obligations) and unjust enrichment. It aims to ensure fairness, predictability, and legal certainty in commercial and private transactions within Estonia. Its provisions are essential for businesses and individuals engaging in contractual agreements.