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A lease agreement is an appointed legal transaction arose from business and legal construction created with the aim of the efficient meeting the needs of participants in the transaction. The legal theory and practice set out the criteria for the division of leasing contracts, so this legal transaction got its basic characteristic features. That is the way of a creation of basic forms of leasing agreements. According to its characteristics, a lease agreement has a mixed legal nature. Depending on the type of a contract, it may have the characteristics of a contract of sale, tenancy agreement, loan agreement, etc. In certain types of leasing, some characteristics of one of the listed traditional contracts dominate in a weaker or stronger intensity. This paper deals with a theoretical analysis of the relationship of the leasing contract with the contract law agreements. A special emphasis is placed on the operating and financial leasing as two basic types of leasing contracts varying by their nature.

B. Mašić, Slavko S. Simić, Sasa Nesic

The main purpose of this paper is to present the finding of a research into modern management tools usage in companies in Bosnia and Herzegovina, in the climate of economic downturn. In trying to reduce uncertainty of business conditions in recession, and to create a sustainable competitive advantage, the necessity of an adequate response to changes and challenges for companies through the usage of management tools is gaining momentum. In this paper, we have presented research results of modern management tools usage and the level of satisfaction for companies that are operating in Bosnia and Herzegovina, in the context of financial crisis and economic downturn, and against the backdrop of the set targets of these companies. Results stem from a survey conducted among 46 executives in companies of all sizes, sectors, forms of organization and ownership. Regarding practical implications, the paper points to the usage of modern management tools in companies, following the global trends of tried-and-true management tools, positively correlated with the satisfaction coming from their implementation. We must emphasize that companies in Bosnia and Herzegovina are focusing more on usage of management tools that are promoting improved customer relationship management and customer segmentation, in the climate of persistent economic downturn. We believe that building stronger management capacities is under way for companies doing business in Bosnia and Herzegovina, as well as the implementation of some new data management tools. In this process of implementing new tools, additional managerial training of the staff is needed, which is supported by our survey findings.

This article questions the preconceived notions that participants in virtual worlds are essentially consumers. Building on the existing scholarship around virtual worlds and notwithstanding the current character of virtual worlds, this paper explores aspects of End User Licence Agreements and notes the unfairness of their provisions, particularly the imbalance between user and developer interests governed by such contracts. It argues that the contracts cannot be regulated with consumer protection legislation, as interests such as property or intellectual property are beyond the scope of consumer protection regimes. Finally, recognising the phenomenon of constitutionalisation of virtual worlds, the article argues for stronger regulatory solutions in this domain, in order to strike a more appropriate balance between competing interests in virtual worlds.

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