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Performance Of Contracts

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Chapter Summary

This chapter contains nine articles on the performance of contracts. The presented articles are: complete performance, collateral duties, change of circumstances, performance of contracts with unclear clauses, contracts for the benefits of a third party, obligor's defense against a third party, contracts performed by a third party, defense rights of simultaneous performance, right to demand first performance and precariousness defense right. The parties shall perform the contract completely in conformity with the content of contract after the contract becomes effective. The parties shall abide by the principle of good faith and perform the duties of notice, assistance, care and confidentiality, etc. in conformity with the character and purpose of the contract or trade usage.

Keywords: defense right; performance of contracts



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