CONTRACTUAL AGREEMENTS AND RISK TRANSFER TIMING IN BUSINESS CONTRACT EXECUTION

Abstract Contract formation and risk transfer are essential stages in any civil transaction. The Civil Code of 2015 and the Commercial Law of 2005 have established a fundamental legal framework to regulate issues arising from contractual relationships, ensuring the legitimate rights and interests of the involved parties. However, to ensure appropriateness and enhance the effectiveness of application, protecting the legal rights and interests of the parties in contract formation as well as determining the point of risk transfer during contract execution, it is necessary to analyze relevant legal provisions regarding the regulation of contract formation and the determination of the risk transfer point during contract execution. This analysis aims to propose solutions for improvement and supplementation to create a comprehensive, robust, and practical legal basis for the formation and execution of business contracts. Keywords: contract formation, risk transfer, business contracts