The Implications of the German Civil Code 1990 for Businesses

Summary:

The article introduces the German Civil Code and its 1990 amendments, which set the regulatory framework for businesses in Germany. To operate compliantly, businesses must prioritize contractual clarity, provide comprehensive consumer information, and ensure product safety. While adhering to the Code can be complex and carry risks of legal action, non-compliance can lead to legal repercussions. On the other hand, compliance can enhance consumer trust, a valuable asset for businesses. Overall, the Code's regulations have both challenges and opportunities, and businesses must strive for compliance to reap its long-term benefits.