In addition, Article 12, paragraph 4 of the EFET`s director contract makes it clear that there is nothing to exclude liability: in any event, the general agreement defines the concept of the single agreement on the document very early on (section 1.1), which means that all transactions are interdependent and that a loss below one transaction for all transactions covered by the agreement is considered a late payment www.efet.org/Cms_Data/Contents/EFET/Media/Documents/Public. 0%20 Contracts/EFET%20Signur general%20Accord%20Republique%20%202.1(a)%20F%20september 202007%20 (version%203) .pdf (available: 8. Before the delay of a payment due in the framework of the agreement or other fault with respect to performance guarantees or credit assistance documents by the other party (the defaulting party), the right to immediately suspend additional electricity deliveries and to be exempt from its subsequent delivery obligations until it has received full payment of the amounts due or the prudent guarantee of such payments. One party is not liable to the other party for the damage suffered by the other party, with the exception of z.B for non-delivery and acceptance remedies, unless the damage is due to gross negligence, deliberate delay or fraud by a party. Conversely, this means that a party is still responsible for non-delivery or acceptance, whether the party acted with light or serious negligence, deliberate delay or fraud. EFET has commissioned legal opinions on the applicability of general power and gas agreements for many European countries, which are available to EFET members. The applicability of the general terms of sale of EFET in each country may vary according to local laws and customs. A list of countries and the cost of obtaining such legal advice are available on the EFET website (www.efet.org). The definition of force majeure has three elements, in accordance with Article 7 of the EFET agreement: the EFET agreement is a “master netting” agreement that can cover an unlimited number of professions defined as “individual contracts”. Each contract includes the economic conditions of each trade (for example.
B start and end date, delivery plans, contract capacity and quantity, price and total cost). The basic concept of the EFET agreement is to regulate the conditions for the supply and receipt of electricity. Paragraph 8 therefore analyses in detail the non-compliance with these commitments. Also, point 7 of the EFET Treaty does not provide for compensation obligations in the event of force majeure .8. The EFET Masteragrement for electricity exchanges. Designed by EFET, it is a framework contract consisting of terms and conditions relating to delivery terms, payment terms, settlement risks, default risks, compensation compensation and maturity.