Signing Contracts with a Serbian Company
Signing Contracts with a Serbian CompanyUpdated on Tuesday 01st October 2019
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Writing and signing a contract in Serbia means concluding a business collaboration in legal terms. A contract is definitely mandatory for most of the business affairs of a company in Serbia and this kind of document must comprise a series of provisions which can be entirely explained by one of our lawyers in Serbia. Our team of attorneys in Serbia can also provide assistance for opening a company in Serbia and can represent your business with a power of attorney.
What does a contract in Serbia contain?
Information about the parties involved in a contract (natural persons or companies) are the first mentioned in such a document. Below are details about the contracts which can be used for varied deals in Serbia:
- The obligations of each party involved in a contract must be stipulated.
- The legal terms and conditions of the business are normally mentioned in a contract.
- The scope and the duration of the agreement are also stipulated in a contract.
- The litigation aspects must be detailed in a contract.
- If third parties are involved in a legal agreement such parties cannot be culpable for further problems or litigations.
- Once the contract is concluded, signed and stamped, the businesses or parties involved can collaborate.
Contracts in Serbia are not complicated, but if you are a foreign investor wanting to start a business in Serbia you should seek advice from a Serbian attorney and address your inquiries to our team of advisors.
Employment contracts in Serbia
Employment contracts are the type of documents provided by companies to future employees. In most of the cases, the human resources department or firm prepares the standard employment contracts which can be limited or unlimited, depending on the terms agreed with the company hiring staff in Serbia. An employment contract comprises information about the company, the employer, the duration of the contract, the type of work in the company, details about the salary and payment, maternity and sick leave and also about the major force situations in which the agreement can be stopped.
A work contract also contains information about the company and the environment in which the activities take place, and if the future employee needs to work inside or outside the enterprise. Signing a contract with a Serbian company is not limited to business agreements and can involve an employment arrangement made in respect with the applicable laws. It is important to know that if you are a foreign worker in Serbia, the contract will also be translated into English. Even so, if you would like to know more about the work contract you are about to sign, feel free to speak to our Serbian lawyers and find out more details, especially about the legal procedures.
A partnership contract in Serbia
Partnerships in Serbia are concluded under the rules of an agreement which is seen as a legal contract. This is an arrangement that must offer in-detail information about the businesses or parties involved, about the activities, the duration of the partnership, the rights of each partner, including the ones related to a litigation case or partnership dissolution.
Debt collection – is a contract involved?
Collecting debts in Serbia might be subject to a new contract or the existing one but having an additional document added. In most of the cases, debt collectors in Serbia start with an amicable procedure where new terms are presented and comprised by a contract. This type of agreement will also contain details about rescheduled payments, if both parties decide on the new terms and conditions. Legal advice for debt collection cases can be explained by our Serbian attorneys.
Making investments in Serbia
Serbia is an important business partner for countries like France, Germany, Italy, Romania, Hungary, Bulgaria and Greece, but the economic ties are widespread. International investors are welcomed in Serbia to develop their business in a reliable and appreciated business climate, taking advantage of the appealing tax system among other things. We have gathered facts and information about the business and the investment direction in Serbia:
- • Serbia ranks 48th out of 190 economies in the world, as described by the “2019 World Bank Doing Business” Report;
- • the FDI inward flow for Serbia in 2018 stood at approximately USD 4.1 billion;
- • around 78.6% of Serbia’s GDP was sustained by the FDIs which entered the country last year;
- • Serbia has skilled workforce and free trade agreements with EU countries.
If you would like to know more about how to sign a contract with a Serbian company, we recommend you to contact our law firm in Serbia and address your inquiries at any time.