Published in Afik News 157 23.07.2014
Related articles
Contractual liquidated damages that are above 10-15% of the contract value may not be enforced
Commercial, Banking and Financial
Real estate in Israel and around the world
Dispute Resolution
A Seller of rights in a plot (acquired from a receiver) undertook to complete the recording of the rights in his name within 40 days but the recording was affected only after six years. The purchasers demanded the full liquidated damages stipulated in the contract (ILS 150,000), which constituted approximately 28% of the transaction value. […]
A framework relationship contract is a general agreement that is open to changes and updates in matters that the parties to the contract have chosen not to settle in advance
Commercial, Banking and Financial
Dispute Resolution
Holders of rights of residential units in a luxury hotel demanded the hotel owners to appoint an internationally renowned management company to manage the hotel as well as refrain from raising the management fees. The Supreme Court held that the agreement is a closed agreement and there is no reason to obligate or prevent the […]
Even if business logic justifies exclusivity of a contract this by itself is sufficient to create an exclusive agreement
Commercial, Banking and Financial
Dispute Resolution
A distributor contended that a manufacture interfered with a contract between itself and a third party for the exclusively distribution of its products, including products manufactured together with the distributor. The Court held that the manufacturer did not commit tortious interference of the contract with the third party. The prima facia tort of tortious interference […]
A chain who is aware of an issue to retrieve a business license for a complex is obligated to notify about this the franchisee in advance
Commercial, Banking and Financial
Dispute Resolution
A franchisee paid a franchise fee to operate a coffee shop branch in premises provided to him by the chain. The franchisee was forced to close the business after being convicted of operating a business without a license. It was discovered that obtaining a business license for the premises was impossible due to planning restrictions, […]