Abstract

Sources of law in commercial contracts are of importance because rights and obligations of contractual parties are derived from such sources. Sources of law are regularly considered to be legal acts, customs and case law. However, due to their flexibility and the freedom of contract, autonomous commercial law stands out as a source of law in commercial contracts. Such autonomous commercial law, in addition to the will of the parties, includes customs, codified customs, practice established between the parties, the general terms of contract and various commercial clauses and terms. This paper compares and analyses in detail the individual sources of law in commercial contracts. Such sources are also systematized and divided into those that are applied because they were contracted by the parties, and those that are applied even though the parties did not agree on their application. Ultimately, the paper elaborates especially on the court and arbitration practice as well as legal science as sources of law.

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