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Sales Contracts

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Chapter Summary

This chapter on sales contracts contains several articles concerning the general provisions and special sales. A sales contract is established when the parties agree on the object and the price. The ownership of an object shall be transferred upon the delivery of the object, unless otherwise provided by the law or agreed by the parties. When an object such as computer software with intellectual property rights is sold, the intellectual property rights of such object shall not belong to the buyer unless otherwise provided by the law or agreed by the parties. In the case that the buyer bears the risk of damage or loss of the object, the buyer's right to demand liquidated damages from the seller may not be affected by the seller's failure to perform his obligation as agreed.

Keywords: intellectual property rights; sales contracts

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