Draft Common Frame of Reference:III. — 1:109 Variation or termination by notice

Draft Common Frame of Reference

III. — 1:109 Variation or termination by notice

Geldend

Deze functie is alleen te gebruiken als je bent ingelogd.Deze functie is alleen te gebruiken als je bent ingelogd.Deze functie is alleen te gebruiken als je bent ingelogd.Deze functie is alleen te gebruiken als je bent ingelogd.Deze functie is alleen te gebruiken als je bent ingelogd.

(1)

A right, obligation or contractual relationship may be varied or terminated by notice by either party where this is provided for by the terms regulating it.

(2)

Where, in a case involving continuous or periodic performance of a contractual obligation, the terms of the contract do not say when the contractual relationship is to end or say that it will never end, it may be terminated by either party by giving a reasonable period of notice. In assessing whether a period of notice is reasonable, regard may be had to the interval between performances or counter-performances.

(3)

Where the parties do not regulate the effects of termination, then:

(a)

it has prospective effect only and does not affect any right to damages, or a stipulated payment, for non-performance of any obligation performance of which was due before termination;

(b)

it does not affect any provision for the settlement of disputes or any other provision which is to operate even after termination; and

(c)

in the case of a contractual obligation or relationship any restitutionary effects are regulated by the rules in Chapter 3, Section 5, Sub-section 4 (Restitution) with appropriate adaptations.

Deze functie is alleen te gebruiken als je bent ingelogd.