EIRP Proceedings, Vol 7 (2012)

Abstract

Over the few decades there has been a steady growth in the conclusion of the transaction contracts, given the multiple needs it responds to-it avoids long delays and high costs associated with the legal proceeding and it ensures the removal of doubt as regards the legal proceeding result. It is the purpose of this article to provide a comparative analysis over the legal regulation of the transaction contract in several European member states and to examine the legal changes brought by the New Romanian Civil Code. In order to achieve these objectives, we have examined the national and foreign legislation and doctrine, confirmed by the case law. Therefore, this study contributes to knowledge of the defining aspects of the transaction contract at European level, following the crystallization of the legal concept and its normative evolution.