Peculiarities of concluding business agreements and treaties of the Caspian Littoral states

Relevance. Today, the Caspian region has a fairly high potential in terms of legal and economic development, not only for the Russian Federation, but also for other states that are part of its geographical location. The issues of the necessity and specifics of concluding business agreements and an agreement between these states are quite difficult due to the presence of a very large number of different kinds of legal, economic, social and political characteristics of each State, which have a direct impact on the possibility of concluding an appropriate agreement.

The purpose of this study is to determine the widest range of various circumstances that affect the process of concluding business contracts and agreements between the states of the Caspian region.

Objectives. The main objectives are to determine the development characteristics of the states of this region, to determine the characteristics of the region itself, and to identify those factors that can directly or indirectly influence, both positively and negatively, the possibility of concluding relevant agreements. Methodology. The following methods were used in this study: the general scientific method, the formal legal method, and the comparative law method, which was most relevant due to the need to compare the legal systems of a number of state entities.

Results. This study is of an economic and legal nature, which is expressed in the consideration of the features of the Caspian region, states that have a geographical affiliation to it, as well as the impact of these features on the conclusion of business contracts and agreements within the region.

Conclusion. To date, the specifics of concluding business agreements and contracts in the Caspian region are determined solely by the specific features of the geographical development of the region itself.

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