Enforcement ( English enforcement ) is
- Enforcing contracts ;
- Contract protection;
- Coercion to enforce a contract;
The very essence of the verb “force” from the English language means “to force,” that is, an action that is forced to perform something by a second person, under pressure from the first person.
In this case, enforcement means coercion by the first person who signed the contract, action towards the second person who signed the contract, to fulfill part of the contract that was negotiated before the contract itself was signed.
In the era of perestroika of the CIS after the collapse of the USSR , many were shocked by the transition to a market economy. The financial illiteracy of residents was severely tested in the first decades. Many contracts were concluded between themselves on the basis of the contract, or on paper, but without a print of the notary’s seal, which would argue that the notary was a direct witness to the negotiation process and the conclusion of the contract. This type of contract was negative due to the fact that if the second party to the contract did not fulfill its duties on time or refused to fulfill, the first side could not sue it in court, because the contract itself was illiterate, from the point of view of the legislative framework.
Subsequently, in order to protect themselves, now many companies conclude an agreement in accordance with the legislation of the country in which it operates and in which it is registered as a taxpayer (i.e., it is legally registered in a state body, as a resident of the country in which they operate and provide their services ), if the other party refuses to fulfill its duties, the first side will be able to win the case in court or force the second side to fulfill its obligations regarding the delivery of goods Payment for the goods delivered first round.
In addition to being within one country, information is also widely used on the international market, because a foreign investor bears a huge risk for untimely execution of the contract by the other party. Also, the international court provides penalties for violation of the terms of the contract / contract, which was competently drawn up, from the point of view of jurisprudence (international agreement), on paper and carries a print of the seal of two companies (if the agreement is concluded between legal entities) and the signature of the first the managers (or the person to whom the power of attorney is issued and acts on behalf of the company) of each company that participates in the conclusion of the contract / contract.