Enforcing Contracts

This section discusses the process, time and costs in enforcing contracts for the case of a commercial dispute, according to the Civil and Commercial Code. The time and expense demonstrated is based on the case of breach of a sales contract whereby a buyer refuses to pay for the ordered goods. *The judgement is sin favor of the seller (plaintiff), and the money is collected through enforcement of judgement via public sale of the buyer (defendant)'s movable assets.

*Time and cost are based on sample case of dispute between a buyer and s seller (both located in the country), whereby the buyer orders custom-made goods but refuses to pay, claiming that the goods were not produced to the exact specifications. The seller then sues the buyer before the court. At the end of the dispute, the judgment is in favor of the seller, and the buyer needs to pay the price of the goods. The time indicated begins at the moment the plaintiff files a lawsuit and ends when the payment is made, and includes waiting time during the process. The claim value is assumed to be 200% of GDP per capital, approximately 300,000 Baht