1. Kansainväliset sopimukset Luento 4
Case 2 ; case 8
Matti Rudanko

2. Lecture 4: Slides Slide sets: 5, 6, 7, 8
(Sales contract, choice of law, limitations of liaibility, liquidated damages)
Kansainvälliset sopimukset luento 4

3. Case: Limitation of Liability Clauses, Liquidated Damages
Task:
1. International Dimension: Choice of Law
2. Breach of Contract Types: Delayed Performance
3. Damages Liabilities in Sales Contracts
4. Limitation of Liability Clauses, Liquidated Damages
4. Optimization of Contract
Kansainvälliset sopimukset luento 4

4. Other Material and Further Reading
Exam textbook: McKendrick, Ewan : Contract Law (9th edition, Palgrave Macmillan), especially Ch. 11, Ch. 20 and 21.5 Exam textbook: Murray, Carole, Holloway, David, Timpson-Hunt, : Schmitthoff s Export Trade: The Law and Practice of International Trade, Ch 8 (Liquidated damages and penalties) Please make use of your knowledge of IB, Finance, Logistics, and other business economic or legal know how
Kansainvälliset sopimukset luento 4

5. Possible Tasks and Questions
Please account for the:
1. International Dimension: Choice of Law
2. Breach of Contract Types: Delayed Performance
3. Damages Liabilities in Sales Contracts
4. Limitation of Liability Clauses, Liquidated Damages
4. Optimization of Contract view (Law and Economics and Contract Law views)
Kansainvälliset sopimukset luento 4

6. Topics and Issues System of Contractual Liabilities
Types of breaches of contract, especially delayed performance
Legal remedies
Contractual Damages Liabilities, Legal Model
Damages liabilities in law: defective goods, delays
Restrictions of legal liability, especially:
Control liability
Agreed Liability Rules
Limitation of liability clauses
Liquidated damages (cf. Penalties)
Optimization of Contract
Law and Economics
Kansainvälliset sopimukset luento 4