tiedonvälitysvelvoite

Tiedonvälitysvelvoite refers to a legal obligation in Finnish law requiring individuals or entities to disclose certain information to specific parties. This obligation aims to ensure transparency and protect the rights of those who may be affected by a transaction or decision. The scope and nature of this duty vary depending on the context, but it generally involves providing accurate and relevant information in a timely manner.

For example, in consumer protection, sellers have a tiedonvälitysvelvoite to inform consumers about the characteristics of a product or service, its price, and any associated risks. In company law, directors and officers may have a tiedonvälitysvelvoite to disclose information that could be material to investors. In property transactions, sellers are obligated to disclose known defects or encumbrances affecting the property. Failure to fulfill this obligation can lead to legal consequences, including damages or nullification of agreements. The principle behind tiedonvälitysvelvoite is that parties entering into agreements or affected by decisions should have access to the necessary information to make informed choices and protect their interests. This concept is fundamental to promoting fair dealings and preventing misrepresentation or concealment of crucial facts.