<P> The Swiss Code of Obligations (' SR22, German: Obligationenrecht; French: Code des obligations; Italian: Diritto delle obbligazioni; Romansh: Dretg d'obligaziuns) is a portion of the Swiss Civil Code that regulates contract law and corporations (Aktiengesellschaft). It was first adopted in 1911 (effective since 1 January 1912). </P> <P> It is divided into a general part, which applies to all contracts, and a special part, which applies to specific types of contracts, such as sales of goods or loans . </P> <P> The Code is governed by the principle of the freedom to contract, which includes freedom as to the content and type of the contract, and the freedom of the parties to enter into agreements which are not governed by the special part of the Code . </P> <P> The first version, drafted by Walther Munzinger and Heinrich Fick, entered into force in 1883, and was subsequently revised and expanded to form the Swiss Code of Obligations of 1912 . The first version of the Swiss Code of Obligations inspired similar legislation in Germany, Italy and Turkey . The Code of Obligations was drafted in a strikingly understandable style, without many instances of abstract legal terminology, so that it could be readily understood by the common population . </P>

Article 324a of the swiss code of obligations