formuerett

Formueret is a core branch of private law that governs the rights and duties between private individuals and private legal entities in matters relating to property and obligations. It deals with how property is acquired, held, transferred, and encumbered, as well as the legal mechanisms for creating and enforcing obligations between parties.

The field is typically divided into two main areas: property rights and obligations. Property rights cover ownership, possession, and real rights such as easements and usufruct, along with rules governing transfer, registration, and security interests like mortgages and pledges. The obligations area encompasses contract law—how contracts are formed, interpreted, performed, and what remedies apply upon breach—and the law of damages and restitution for breaches of duty or wrongful acts (torts or delicts). It also addresses issues such as unjust enrichment and the enforcement of private claims.

Formueret interfaces with other private-law disciplines, including commercial law, family and succession law, and private international law, and is commonly codified in civil codes or similar statutes with extensive case-law guidance. Its practical scope covers everyday legal transactions such as buying and selling property, leasing, lending and guarantees, as well as liability for harm and the enforcement of private rights.