by José Antonio Cervantes Acosta | Oct 24, 2023 | Compliance, Contracts, Corporate, Regulatory and Compliance
Through the execution of a contract two or more persons create or transfer rights and obligations, [1] however, there is a risk that one of the parties or even both will breach the agreement. Nonperformance is the failure to comply with contractual obligations...
by José Antonio Cervantes Acosta | Oct 11, 2023 | Compliance, Corporate, Regulatory and Compliance
Background In a purchase and sale agreement one party undertakes to transfer goods or property, and the other party agrees to pay a specified price for them. [1] When the sale and purchase contract is business-oriented, it is regarded as a commercial purchase and sale...
by José Antonio Cervantes Acosta | Oct 5, 2023 | Compliance, Corporate, Regulatory and Compliance
Background Pursuant to article 170 of the General Negotiable Instruments and Credit Transactions Law (the “Law”) a promissory note is a negotiable instrument that must contain the following elements to be valid: I. The word pagaré (promissory note)...
by José Antonio Cervantes Acosta | Oct 4, 2023 | Compliance, Derecho Mercantil, Obligaciones
Capitalized interests [1] in commercial agreements is a term permitted by the Mexican Constitution as long as it is not used in an abusive manner on someone else’s property, nor does it generate excessive interest on the debtor’s part. Article 276 paragraph II of the...
by José Antonio Cervantes Acosta | Dec 26, 2022 | Compliance, Contratos, Corporativo
ENGLISH VERSION Globalization and technological progress have allowed the execution of agreements through means other than the traditional ones. The execution of agreements by electronic means is one of the main tools to effectively execute commercial agreements,...
