Draft Common Frame of Reference:III. — 1:110 Variation or termination by court on a change of circumstances

Draft Common Frame of Reference

III. — 1:110 Variation or termination by court on a change of circumstances

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)

An obligation must be performed even if performance has become more onerous, whether because the cost of performance has increased or because the value of what is to be received in return has diminished.

(2)

If, however, performance of a contractual obligation or of an obligation arising from a unilateral juridical act becomes so onerous because of an exceptional change of circumstances that it would be manifestly unjust to hold the debtor to the obligation a court may:

(a)

vary the obligation in order to make it reasonable and equitable in the new circumstances; or

(b)

terminate the obligation at a date and on terms to be determined by the court.

(3)

Paragraph (2) applies only if:

(a)

the change of circumstances occurred after the time when the obligation was incurred;

(b)

the debtor did not at that time take into account, and could not reasonably be expected to have taken into account, the possibility or scale of that change of circumstances;

(c)

the debtor did not assume, and cannot reasonably be regarded as having assumed, the risk of that change of circumstances; and

(d)

the debtor has attempted, reasonably and in good faith, to achieve by negotiation a reasonable and equitable adjustment of the terms regulating the obligation.

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