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2017 | Supplement | Chapter

10. Revision of the Contract (Hardship)

Author : İlhan Helvacı

Published in: Turkish Contract Law

Publisher: Springer International Publishing

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Abstract

In determining the terms of a contract, the parties consider the existing circumstances that constitute the basis of the contract (e.g., cost, price, regulations related to performance, etc.). However, after the conclusion of the contract, a change in these circumstances may occur and significantly affect the obligations to be performed. For instance, the price of the raw materials to be used in the performance of the obligations may increase substantially, and consequently a fundamental imbalance in the rights, obligations and entitlements of the parties to the contract may arise.

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Footnotes
1
Aybay (2011), p. 136; Berger (2012), pp. 397–403; Engel (1997), pp. 785–794; Eren (2015), pp. 330–331, 480–487; Feyzioğlu (1977), pp. 467–481; Gauch et al. (2008), pp. 292–297; Honsell et al. (2003), art. 18, N. 95–125; Kılıçoğlu (2013), pp. 254–265; Nomer (2015), pp. 323–327; Oğuzman and Öz (2015), pp. 196–201, 559–564; Reisoğlu (2014), pp. 413–418; Schwenzer (2009), pp. 269–272; Serozan (2014), pp. 264–278; Tekinay et al. (1993), pp. 368–369, 1004–1007; Tercier (2004), pp. 177–179; Tercier et al. (2016), pp. 233–234, 305–313; Thévenoz and Werro (2012), art. 18, N. 193–215, and von Tuhr and Escher (1974), pp. 170–172. For further explanations see Gürsoy (1950), Kaplan (1987), Burcuoğlu (1995), Arat (2006), Baysal (2017).
 
2
Engel (1997), p. 786; Feyzioğlu (1977), pp. 469–470; Eren (2015), pp. 480–481.
 
3
Tekinay et al. (1993), p. 1004.
 
4
For further explanations see Erman (1979).
 
5
Termination of the contract takes effect retroactively (résolution, Rücktritt).
 
6
Termination of the contract takes effect prospectively (résiliation, Kündigung).
 
7
The parties may adopt a specific rule in their contract for supervening circumstances that may affect their obligations. In such a case, this rule will be applied in order to revise the contract. Gauch et al. (2008), p. 293; Berger (2012), p. 399; Oğuzman and Öz (2015), p. 196; Eren (2015), p. 483.
 
8
In this sense, von Tuhr and Escher (1974), § 74, IV, 6, p. 170.
 
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Metadata
Title
Revision of the Contract (Hardship)
Author
İlhan Helvacı
Copyright Year
2017
DOI
https://doi.org/10.1007/978-3-319-60061-1_10

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