võlaõiguseseaduse

The Võlaõiguseseadus, often translated as the Law of Obligations Act, is the primary legislation governing contractual relationships and obligations in Estonia. It establishes the general principles and rules applicable to various types of agreements, including sales contracts, leases, service agreements, and loan agreements. The Act sets out the rights and duties of parties involved in these transactions, addressing aspects such as contract formation, performance, breach, and termination.

Key provisions within the Võlaõiguseseadus include detailed regulations on offer and acceptance, the validity of contracts, and remedies for non-performance. It elaborates on concepts like damages, penalties, and the right to withdraw from a contract. The Act also covers specific types of obligations, such as those arising from torts or unjust enrichment, providing a comprehensive framework for resolving disputes related to debts and contractual commitments. Its aim is to ensure legal certainty and fairness in commercial and personal dealings within Estonia.