The master's thesis examines three areas of Slovenian contract law in the context of a share purchase agreement in a limited liability company. These legal transactions are concluded according to the models and standards of contracts derived from the common law system, and therefore the principle of freedom of contract is of primary importance in the context of continental legal system. In the light of the subsidiary application of the statutory rules enshrined in Slovenian code of obligations, it is necessary to critically define which Slovenian law institutes are applicable to interpret those typical clauses. Most commonly, the agreements include clauses, such as representations and warranties, indemnity clauses, limitation of liability clauses, conditions precedent, and covenants that have been stipulated by the parties. In addition to defining the characteristics and legal consequences of typical clauses, the corresponding parallels in Slovenian legal system are also presented. Emphasis is given particularly on the application of the rules on the seller's liability for material and legal defects and on liability for breach of contract.
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