Peculiarities of the concepts of obligation and contract in the Civil Code of the Russian Federation and the Civil Code of France: a comparative legal study

Law of obligations in whole as a civil law institute occupies a very important place in the system of civil law. One of the key concepts in the field of law of obligations is directly the obligation and the contract, the effectiveness of their use largely determines economic relations in the country. The conceptual approach to determining what is implied by the obligation and the contract as such also affects how these institutions will work in practice. This is the invariable connection and interdependence of the theoretical understanding and practical use of the phenomena under consideration. The institute of obligation and contract in the Russian Federation differs in essential features, both in theory and in practice. The obligation in the Civil Code of the Russian Federation is understood in a purely practical sense, the contract is determined separately. Such a separate use of them is rather convenient circumstance, which does not allow to confuse the concepts of law of obligations. For a clearer identification of the features of the institutions under consideration, a comparison is made with similar institutions of French law of obligations, in which there is no definition of obligation as such.