| Title |
International commercial contract clauses dealing with changed circumstances |
| Translation of Title |
Aplinkybių pasikeitimą reguliuojančios sąlygos tarptautiniuose komerciniuose sandoriuose. |
| Authors |
Kavaliauskaitė, Sonata |
| Full Text |
|
| Pages |
72 |
| Keywords [eng] |
changed circumstances ; changed circumstances clauses ; hardship |
| Abstract [eng] |
The doctrine of changed circumstances concerning the situation of hardship has developed in the light of the paramount contract principle (pacta sunt servanda) and is considered as the supplement to the overriding principle of contract law. Hardship clauses have appeared in the context of rigid courts’ approach towards application of rebus sic stantibus when the absolute dominance of contract law rules takes privilege. Thereby, contractual parties found a solution to be relieved from unforeseen changes in circumstances referring to contractual regulation. However, the need of hardship clauses and an interrelation between contractual and statutory law rules concerning hardship exemption require particular analysis. |
| Type |
Master thesis |
| Language |
English |
| Publication date |
2014 |
