A contract shall be legally bindings as soon as it is established in accordance with the law.The parties shall perform their¡¡obligations stipulated in the contract. No party shall unilaterally modify or rescind the contract.  A party may temporarily suspend its performance of the contract if it has conclusive evidence that the other party is unable to perform the contract. However, it shall immediately inform the other party of such suspension. It shall perform the contract if and when the other¡¡party provides a sure guarantee for performance of the contract. If a party suspends performance of the contract without conclusive evidence of the other party's inability to perform the contract, it shall be liable for breach of contract. If a party fails to perform the contract or its performance of the contractual obligations does not conform to the agreed terms. which 
constitutes a breach of contract, the other party is entitled to claim damages or demand other reasonable  measures. If the losses suffered by the other party cannot be completely made up after the adoption of such remedial measures, the other party shall still have the right to claim damages. The liability of a party to pay compensation for the breach of a contract 
shall be equal to the loss suffered by the other party as a consequence of the breach. However, such compensation may not exceed the loss which the party responsible for the breach ought to have foreseen at the time of the conclusion of the contract as a possible consequence of a breach of contract. The parties may agree in a contract that, if one party breaches the contract, it shall pay a certain amount of breach of contract damages to the other party; they may also agree upon a¡¡method for calculating the damages resulting from such a breach. The breach of contract damages as stipulated in the contract shall be regarded as compensation for the losses resulting from breach of contract. However, if the contractually 
agreed breach of contract damages are far more or far less than is necessary to compensate for the losses resulting fromthe breach, the party concerned may request an arbitration body or a court to reduce or increase them appropriately. If both parties breach the contract, each shall be commensurately liable for the breach of contract that is its responsibility. 
A party which suffers losses resulting from a breach of contract by the other party shall promptly take appropriate measures to prevent the losses from becoming severer. If the losses are aggravated as a result of its failure to adopt appropriate measures, it shall not be entitled to claim compensation for the aggravated part of the losses. If a party fails to pay on time any amount stipulated as payable in the contract or any other amount related to the contract that is payable, the other party is entitled to interest on the amount in arrears.The method for calculating the interest may be specified in the contract. If a party is prevented from performing all or part of its obligations owing to force majeure, it shall be relieved of¡¡all or part of its obligations. If a party cannot perform its obligations within the contractually agreed time limit owing to force majeure, it shall be relieved of the liability for delayed performance during the aftereffect of the event. Force majeure means an event that the parties could not have foreseen at the time of conclusion of the contract, both parties being¡¡unable to either avoid or overcome its occurrence and consequences. 
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