Direct Agreement
A direct agreement is a civil law contract concluded between a public partner, a private partner, and a financing party or financing parties (hereinafter also referred to as the financing party) in order to regulate the terms and procedures of their interaction during the implementation period of the agreement, as well as during the modification and termination of the agreement1.
A direct agreement is an agreement concluded by the parties in cases provided for in paragraph 4 of Article 11, paragraph 3 of Article 13, paragraph 1 of Article 14, paragraph 3 of Article 16, paragraph 1 of Article 27, Article 40, paragraph 2 of Article 41, and paragraph 1 of Article 47 of this Federal Law, and has priority over arbitration rules2.
Federal Law No. 224-FZ dated July 13, 2015 "On State-Private Partnership, Municipal-Private Partnership in the Russian Federation and Amending Certain Legislative Acts of the Russian Federation". 2015, as amended on August 6, 2019, Article 3, paragraph 7. ↩
Federal Law No. 382-FZ dated December 29, 2015 "On Arbitration (Arbitral Proceedings) in the Russian Federation". 2015, as amended on March 29, 2019, Article 2, paragraph 13. ↩