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Termination Clauses

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Chapter Summary

The termination clauses in international commercial contracts tend to be standardized to a certain extent, with similar contents and wording. This chapter discusses some terminological indications of the termination clauses. Since grounds for termination of obligations and contracts may differ among jurisdictions and no universal terminology is available, the chapter uses the generic terms of termination clauses and termination of obligations and contracts. It deals with general problems of the law of contract and obligations regarding termination. The termination clauses in international commercial contracts are often influenced by the nature of these contracts. This has been covered in the chapter to the extent that contract practice reflects the features of these specific contracts and to the extent that clauses expressing these features have been encountered in the process of the analyses and discussions of the Working Group.

Keywords: international commercial contracts; termination clauses



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