Agreement Archives - Blog Leks&Co

Agreement

Fraud in formation of agreement

Deceit in the formation of an agreement is a reason to cancel it. This relates to the subjective condition of an agreement's validity, which relates to the presence or absence of legitimate consent. Article 1328 of the Indonesian Civil Code (ICC) stipulates: A fraud...

Court provides guidance on impact of principle of balance in contractual agreements

Agreement, Articles, Contracts

A valid agreement is binding to the parties who made it. This is the principle of "pacta sunt servanda". Nevertheless, there are exceptions to this principle: judges may also consider the aspects of justice, appropriateness and balance. This article discusses an...