DEVELOPMENT OF THE CONTENT OF AN ECONOMIC AGREEMENT UNDER THE INFLUENCE OF WAR, EUROPEAN INTEGRATION AND DIGITALIZATION
DOI:
https://doi.org/10.33244/2617-4154-1(18)-2025-173-181Keywords:
contract, force majeure circumstances, counterparty, digitalization, Incoterms, electronic document managementAbstract
The article is devoted to the study of the development of the content of a commercial contract under the influence of war, European integration and digitalization. The article analyzes the changes that the contract has undergone under the influence of various factors, such as military operations in Ukraine, which has led to an increase in risks for business entities, as well as the need to take into account various factors that may affect the proper fulfillment of contractual obligations.
The article examines the impact of European integration processes, including the incorporation of international trade rules into the domestic regulation of contractual relations as a means to reduce risks, define rights and obligations, allocate responsibilities, and distribute costs during contract execution. It also explores the influence of environmental legislation on introducing contractual provisions obliging parties to comply with environmental regulations.
The article is paid attention to the impact of digitalization on the development and expansion of contract content. The study highlights the active adoption of electronic document management in fulfilling contractual obligations as a way to accelerate interaction between parties, save time, and reduce costs associated with signing contracts and other related documents.
Based on the conducted analysis, the article identifies key issues related to expanding contract content in line with societal and global trends, as well as the need to transition to electronic document management to maintain competitiveness and ensure efficiency in fulfilling contractual obligations.
The research findings hold both theoretical and practical significance. The theoretical value lies in the potential application of the article's insights for developing concepts to improve legislation, as it provides a systematic account of the challenges, shortcomings, and achievements in contract law. The practical significance of the research is reflected in the development of ideas and proposals to improve contract content in line with global trends and societal demands.