kontraktit
Kontraktit is the Finnish plural term for contracts, referring to legally binding agreements between parties that create, modify or extinguish rights and obligations. The word kontraktit derives from the loanword kontrakti (from Latin contractus) and is used in both everyday language and legal contexts to denote written or oral agreements.
Basic elements common to many legal systems include mutual consent, capacity to contract, lawful subject matter
Types of kontraktit cover commercial and consumer areas—sale of goods, service agreements, employment contracts, leases, franchise
Breach of a kontrakti can give rise to remedies such as damages, specific performance, price reduction, or
Contract law governing kontraktit is shaped by national legislation, judicial precedents and, where relevant, international instruments