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Intel

Case Summary: Supreme Court (Civil Circuit A) Contestation 654/2020 (Binding Nature of a Promise to Lease)

The Supreme Court ruled that a promise to lease constitutes a binding contract under article 72 of the Civil Transactions Law. In this case, the Supreme Court ruled that the landlord is entitled to compensation for the losses incurred and the profits lost from a potential tenant who breached his promise to lease the property even though no contract was signed.


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