I signed a contract with a Thai company. After signing the contract, I realized that there is no clause regarding the term or period of the contact. As a consequence, what will be the period of the contract, under Thai law ? Thanks
18 ก.ค. 62 21:27
If a contract does not have any clause regarding the term or period of the contract, then it will be valid as long as all parties still honor all the terms and do not terminate it.
In case any party wants to terminate the contract, such party has to send an official notice to the other party notifying to terminate the contract within whatever specific period, for instance, within 30 or 60 days.