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Good Faith and Fault in Contract Law$
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Jack Beatson and Daniel Friedman

Print publication date: 1997

Print ISBN-13: 9780198265788

Published to Oxford Scholarship Online: March 2012

DOI: 10.1093/acprof:oso/9780198265788.001.0001

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The Regulation of Long-Term Contracts in English Law

The Regulation of Long-Term Contracts in English Law

Chapter:
(p.305) 12 The Regulation of Long-Term Contracts in English Law
Source:
Good Faith and Fault in Contract Law
Author(s):

Ewan Mckendrick

Publisher:
Oxford University Press
DOI:10.1093/acprof:oso/9780198265788.003.0012

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

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