Article 19. Redemption contract

The relations of the parties on the purchase of property are regulated by law and the contract. The redemption contract defines:

composition and monetary (value) valuation of the purchased property;

types and sources of redemption;

procedure and terms of redemption;

participation in the redemption of third parties, in particular, creditors;

guarantees and quality of property to be purchased;

other provisions not contradicting the legislation of the Republic of Uzbekistan.

For non-fulfillment or improper fulfillment of obligations under the redemption contract, including for its unilateral change and termination, the parties bear the responsibility established by the legislation of the Republic of Uzbekistan and the redemption contract.

Disputes arising from the conclusion and execution of a redemption contract are considered by the relevant court.