Legal basis of contractual relations at the enterprise

Abstract

The article examines the legal foundations of the organization and implementation of contractual relations in business entities. The classification features and types of existing business contracts were studied. The key characteristic features of economic contracts, which take place in domestic and foreign practice, are studied. On the basis of the author's approach, the methodological set of functions of business contracts under modern business conditions has been supplemented. The system of labor relations in Ukraine is analyzed as one of the most widespread types of contractual relations at the enterprise. The comparative assessment of the attractiveness level of labor contractual relations for employees in the context of European practice was carried out. The prospects for the use of electronic contracts in the system of contractual relations of business entities are analyzed. The connection between the system of business contracts and the potential opportunities for business value creation has been studied. It was determined that digitalization reserves based on the creation of digital contact platforms can be an effective tool for increasing business profitability at the expense of contractual contracts. Modern regulatory and legal digital platforms are capable of performing the functions of a legal repository of contracts with the ability to search quickly and conveniently for the necessary information, which increases the efficiency, accuracy and predictability of the activities of business entities and businesses. Examples of such digital platforms can be the SaaS platform, software tools of the PandaDoc multifunctional system, etc. Based on the results of the conducted research, promising directions for improving the legal and practical foundations of the implementation of contractual relations at enterprises were substantiated. Among the main ones, the following are proposed: the use of tools for managing the life cycle of contractual contracts, contract data for tracking the value of business partnerships, automation of tracking the fulfillment of obligations by contacts, increasing the degree of analytics of contractual relationships based on the application of blockchain. Keywords: regulatory and legal support, contractual relations, business contracts, contacts, management, wages, digital tools, business entities, enterprises.