Do I have to pay the new price or cancel the contract? Are these my only options? Second, a contract can be amended if the consumer does not comply with the conditions. An insurance company may change liability insurance if a consumer has not provided all relevant information at the time the contract is concluded, or if a significant change has occurred in circumstances, which increases the risk. Many special laws (such as Chapter 3, Sections 18 to 20 of the Insurance Contracts Act, Chapter 6a, Section 26, Of the Electricity Market Act, Chapter 7, Section 71, Chapter 4, Section 23, the Water Management Act and Chapter 2, Section 14, of the Package Travel Act) contain provisions relating to the modification of the contract conditions. Under Chapter 4, Section 30 of the Real Estate Transactions Act, any clause giving the seller the right to unilaterally raise the price is void in the case of new housing transactions. In addition, Chapter 9, paragraph 24, of the Consumer Protection Act defines the conditions under which a contractor can increase the agreed price for the sale of construction and construction items. These provisions are mandatory and there should be no exceptions that are harmful to the consumer. Legal contracts are binding on all contracting parties. This means that the seller must provide his products or services in accordance with the terms of the contract. Similarly, your business must pay for agreed goods or services. Their belief that this applies only to pre-contract prices is wrong.
In fact, the contracts deal only with itself – if a contract with what happened before it existed, it must expressly proclaim. Contracts in force until further notice include contracts for telephone, electricity, water, waste management and district heating. Insurance contracts also fall into this category, as do permanent subscriptions for newspapers and cable television contracts. Changes to the terms of bank account contracts and credit card account contracts are governed by specific rules. As a general rule, a company does not have the right to unilaterally change the terms of the contract. This also applies to the price, which is a contract term.