The Entrepreneur (1)
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Definition of the term entrepreneur
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Prerequisite: Operation of a company
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Self-employed activity on own account and at own risk
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Economic activity for remuneration (but not for profit)
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permanent activity
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’organized’ activity
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Consequences for B2B transactions between two entrepreneurs
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Services between entrepreneurs are generally deemed to be provided for remuneration (§ 354 UGB)
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Increased statutory default interest rate (9.2% above the base interest rate)
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In case of defects, the buyer must give notice within a reasonable period (§ 377 UGB)
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Relevance of consumer protection law in relation to non-entrepreneurs (consumers)