Contract law in Lithuania. General provisions
Sep 01, 2010
By Marius Matiukas, Associate lawyer
ECOVIS Miškinis, Kvainauskas ir partneriai advokatų kontora
(continued from last next issue)
Each party of a contract is obliged to act in accordance with good faith in their contractual relationships. The following elements shall be sufficient to render a contract valid: an agreement of legally capable parties and, when prescribed by laws, also a form of a contract. Contracts may be unilateral and bilateral, onerous and gratuitous, consensual and real, contracts of successiv ...
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