The Core Idea in the Contract Execution Phase
فكرة الجوهرية
Keywords:
Contract, Essential Terms, Core of the ContractAbstract
The key concept in the stage of contract execution refers to the importance of adhering to the essential terms agreed upon by the contracting parties. These terms serve as the foundation of the contract, and any breach of them may lead to serious legal consequences at this stage. Therefore, the parties must fulfill their obligations accurately and according to what has been agreed upon, as any modification or manipulation of these terms can be considered a violation of the contract.
The essential terms typically include fundamental elements such as the subject of the contract, price, duration, rights, and duties. In case of a dispute regarding contract performance, it is assessed whether the essential terms have been met. If it is found that one of the parties has failed to fulfill its essential obligations, the other party may claim compensation or even terminate the contract.
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