Contract Law

Commercial contracts allocate rights, obligations and risk between the parties and form the legal framework for many business relationships. Norwegian contract law is to a significant extent based on general principles developed through legislation, case law and legal doctrine, which makes the wording of the agreement and the surrounding circumstances particularly important.

Contractual issues can arise throughout the life of an agreement — from negotiations and letters of intent to interpretation, performance, amendments, termination and claims for breach. For international businesses, Norwegian rules and contractual practice may also differ from what the parties are accustomed to in other jurisdictions.

The articles in this section provide practical insight into Norwegian contract law and commercial agreements, including issues arising in relationships with customers, suppliers, lenders, investors, business partners and other contractual counterparties.