Protection of the rights of creditors in a contractual obligation
Keywords:
contract, obligation, ways of securing the obligation, penalty, damages, joint and several liability, subsidiary liability, pledge, deposit.Abstract
The development of market relations and the legislative consolidation of the constitutional rights of
participants in contractual relations in the field of civil law depends both on the formation of a genuine democracy in
the country and on the legal regulation in the laws of the main provisions on freedom and the implementation of
contractual relations based on freedom of contract. The stability of commodity-money relations in a state largely
depends on the fulfillment by the counterparties of the contractual obligations assumed, so the issue of protecting the
rights of creditors when counterparties do not fulfill the contractual obligation is relevant. The article discusses how to
protect the rights of creditors, given them the legal characteristics and identified their features. The author made a comparative legal description of ways to protect the rights of creditors in order to determine how perfectly the current
legislation in this matter is and what gaps exist and how they are resolved
