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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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PRINTED FROM OXFORD SCHOLARSHIP ONLINE (oxford.universitypressscholarship.com). (c) Copyright Oxford University Press, 2020. All Rights Reserved. An individual user may print out a PDF of a single chapter of a monograph in OSO for personal use. date: 23 November 2020

The Regulation of Long-Term Contracts in English Law

The Regulation of Long-Term Contracts in English Law

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

Ewan Mckendrick

Oxford University Press

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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