APPLICATION OF CONCLUSIVE ACTIONS IN COMMERCIAL RELATIONS (CHALLENGES AND PRACTICE)

Abstract

Cooperation between business partners, customers, and other market participants often depends not only on words, but is sometimes expressed through behaviour or silence. A conclusive action is the action that is associated with an unspoken willingness to conclude, continue, change or terminate a contract. The use of conclusive actions is an integral part of modern business. From an economic perspective, conclusive actions are an important legal instrument in commercial relations, as they allow entrepreneurs to conduct transactions without the need to formalize each act. This type of transaction is most often chosen when it is the best way for various reasons. The authors of the article paid attention to the concept of conclusive actions, their legal basis and the features of their practical application. Inaccurate interpretation of conclusive actions can lead to errors made by business people, non-compliance with contracts, and economic losses. The specification of relevant actions makes it possible to create a set of general principles, including various types of legal situations that arise during the organization and implementation of commercial actions.