Chapter

The Regulation of Long-Term Contracts in English Law

Ewan Mckendrick

in Good Faith and Fault in Contract Law

Published in print August 1997 | ISBN: 9780198265788
Published online March 2012 | e-ISBN: 9780191682964 | DOI: http://dx.doi.org/10.1093/acprof:oso/9780198265788.003.0012
The Regulation of Long-Term Contracts in English Law

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This chapter suggests that there may be a great need for adjustment in long-term contracts but the parties often insert force majeure, hardship, and other clauses intended to deal with change of circumstances. What is required is a liberal approach by the courts that will recognize the need for flexibility, and will permit the enforcement of such clauses, even though they may be drafted in vague, flexible terms.

Keywords: contract law; long-term contracts; clauses

Chapter.  14015 words. 

Subjects: Civil Law

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