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- Title
THE EFFECT OF CHANGE IN CIRCUMSTANCES ON THE PERFORMANCE OF CONTRACT.
- Authors
Baranauskas, Egidijus; Zapolskis, Paulius
- Abstract
The authors of this article use systemic, comparative and historical methods to review the most representative legal systems--French, English and German--and analyse how these legal systems deal with the effects of change in circumstances on the performance of a contract. The authors also discuss solutions adopted by scholar groups working on supranational contract law (soft law) instruments, namely, UNIDROIT Principles of International Commercial Contracts and Principles of European Contract Law, stressing that these sets of principles have significantly affected Lithuanian contract law provisions on changed circumstances. The authors concisely evaluate the case law of the Supreme Court of Lithuania on the application of the provisions on change in circumstances and their effect on the performance of a contract.
- Subjects
LITHUANIA; PERFORMANCE (Law); CONTRACTS; SOFT law; IMPOSSIBILITY of performance; PACTA sunt servanda (International law); REBUS sic stantibus clause
- Publication
Jurisprudence / Jurisprudencija, 2009, Vol 4, Issue 118, p197
- ISSN
1392-6195
- Publication type
Article