A construction contract offers a legally binding agreement, for both the owner and the contracting authority, for the contract performed to receive the specific amount of compensation or the distribution of compensation. There are different types of construction contracts that are used in the sector, but there are certain types of construction contracts that are preferred by construction professionals. An acronym for locus sigilli, in Latin for „the place of the seal“, refers to the place in a written contract on which a seal is affixed to retain the agreement. By indicating unit prices, the owner can easily check whether he is charged uninflated prices for goods or services. The unit price can be slightly adjusted upwards and/or downwards in the event of a change of scale, making it easier for the owner and the developer to conclude agreements for modification contracts. As a general rule, all workers have an employment contract with their employer, either orally or in writing. A contract is an agreement that defines the terms and conditions of employment, rights, obligations and obligations of an employee. These are called „terms“ of the treaty. The worker and the employer must respect a contract until it expires (for example. B by dismissal by an employer or employee or dismissal of an employee) or until the conditions are changed (usually by mutual agreement between the worker and the employer). The justification for this particular treatment of sealed contracts can be understood in the light of the legal formalities related to the waterproofing of a document with a waxed seal.

First, the next legal formality of affixing a seal to a document is proof of the existence of a contract. Secondly, the need to use a label – which everyone knows has legal meaning – has served to give the parties the importance of the agreement reached. This element of reflection is important in the context of many legal theories, why pledges are generally not enforceable in the same way as contracts: there is a fear that pledges are sometimes made under pressure (for example. B of family members) without appropriate consideration, which explains why a requirement of legal formality of the seal may replace the taking into account of pledges. . . .