When damages policy works?
Who are obliged to cover the damages?
Which damages must be covered?
Only material damages, including any expenses arisen from such damages, must be covered by the person(s) who caused those damages. Damages caused by violating the terms of protection of Intellectual Property must also be covered in accordence with the Armenian legislation, as well as International law rules.
How are the damages covered?
All the damages must be covered in accordance with the Civil Code of Armenia. Notice this obligation includes damages prescribed in Article 411 of Civil Code of Armenia.