The Entrepreneur (1)

  • Definition of the term entrepreneur

  • Prerequisite: Operation of a company

    • Self-employed activity on own account and at own risk

    • Economic activity for remuneration (but not for profit)

    • permanent activity

    • ’organized’ activity

  • Consequences for B2B transactions between two entrepreneurs

    • Services between entrepreneurs are generally deemed to be provided for remuneration (§ 354 UGB)

    • Increased statutory default interest rate (9.2% above the base interest rate)

    • In case of defects, the buyer must give notice within a reasonable period (§ 377 UGB)

  • Relevance of consumer protection law in relation to non-entrepreneurs (consumers)