The customs of the business turnover. The meaning and application

The Development of entrepreneurial activities gave impetus to the formation of new business rules, new formation, no such thing as customs of business turnover and the relationship between the partners. Time forced to create new business practices. These rules has never been and is not included in the field of state legislation, but they complement it.

At the beginning of the development of trade relations between people were not always regulation of the business relationship, they have not been recorded on paper. Humanity has not gained enough economic business experience. Early trade relations were primitive framework, therefore, there is need to reinforce their oral agreements or other legal acts.

Historically, the business practices originally established between individuals, and then as business development, was further developed in relation to legal entities.

The business Practices and their formation can be traced in the early development of such a business as insurance. For example: two thousand years ago BC the participants of trade caravans that went on a dangerous journey in advance to decide the question of probable attacks, theft, natural disaster, and knew that they suffer losses together. The contract was oral, but were made. Rules of behaviour between people dictated the terms of survival.

Another telling example of verbal agreements in business practice in the development of Maritime trade.

It is a Known historical fact that in England in the tavern was going to the owners of merchant ships that had intended to go on a long journey to sell the product and make a profit. The purpose of this meeting was to be an agreement with other merchants that in the event of unforeseen losses, and promised to compensate the losses. Along with signing some papers, among them existed an oral agreement.

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In ancient Russia was used compilations of laws. In these acts differed in some ways of concluding contracts: the Board, or a verbal agreement. The Treaty, in fact, was an ancient legal acts. At the conclusion of oral agreements had the presence of people as witnesses. Later, when the Guild of merchants, the word, the merchant, was the highest guarantee of reliability.

Under the customary business practice recognizes the need to resolve such a situation in which the required issues cannot be resolved by applicable law, as well as signed a respective agreement.

The Custom of business turnover applied when the existing legislation cannot meet the needs of the business. Most clearly this relationship is reflected and is widely used by the chamber of Commerce in its document presented in detail the trade and port practices.

As noted earlier, the most frequent custom of business turnover applied in the conduct of foreign economic activity and currency operations. Legislative acts of the States in these fundamental sectors of the economy countries often do not coincide. How to find agreement and to obtain reciprocal benefits at the conclusion of business deals? How to resolve the unexpected situations in commercial or financial relations?

Under the custom of business turnover is recognised historically and widely used in business rules of conduct. It is not necessary, these relations are governed by the laws of the state. For these rules it does not matter the fact whether they are recorded in documents.