Safarli N.E. oglu. Obligational Relations in the Midst of Digitalization of Business Activity: The Concept and Types

DOI: https://doi.org/10.15688/lc.jvolsu.2021.3.21

Nizami Elmar oglu Safarli, Postgraduate Student, Department of Civil and Private International Law, Volgograd State University, Prosp. Universitetsky, 100, 400062 Volgograd, Russian Federation, This email address is being protected from spambots. You need JavaScript enabled to view it. , https://orcid.org/0000-0002-4568-5774

Introduction: civil obligations are one of the central institutions of the civil law system, which is currently undergoing a new stage of understanding and development. The domestic civil law quite clearly identified the tasks that are urgent for theoretical, as well as comparative and practical research aimed at analyzing the problems of obligations that arise from civil law and business contracts. Purpose: to analyze the features of the regulation of market relations at the contractual level in the midst of digitalization of business activity. Methods: the methods of systematicity, analysis, and comparative law are used in the work. Results: the legal regulation ensures the implementation of equality as one of the most important principles of civil law: by setting additional requirements for entrepreneurs, the state equalized them with other participants in the turnover. This also dictates the need for the active introduction and application of legal means as proactive actions based on the permissibility of the law. One of them is a contract, so the specifics of business relations are most clearly demonstrated by contractual obligations. Conclusions: the provisions of the Civil Code of the Russian Federation, in addition to the general provisions on obligations, also contain provisions that are only applicable to obligations related to the implementation of business activities. Business obligations are specific in nature, and sometimes directly opposite to traditional obligations. As a result of the process of evolution, the digital economy has become one of the main engines of the growth of the global economic system. The widespread use of digital technologies increases competition in global markets and encourages leading industrial countries to implement appropriate economic policies and develop contractual relations.

Key words: obligations, contractual level, digitalization, economy, business activity, transaction, debtor.

Citation. Safarli N.E. oglu. Obligational Relations in the Midst of Digitalization of Business Activity: The Concept and Types. Legal Concept = Pravovaya paradigma, 2021, vol. 20, no. 3, pp. 143-148. (in Russian). DOI: https://doi.org/10.15688/lc.jvolsu.2021.3.21

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