Walter Doralt
Langzeitverträge
[Long-Term Contracts.]
2018. 575 pages. Price for libraries
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Summary
This book deals with problems of long-term contracts - a central field of research for economists but, surprisingly, less so for lawyers. Building on the insights developed by economists, it focuses on five problems of paramount importance for long-term contracts: good faith and fiduciary duties, change of circumstances and force majeure (including contract design, risk distribution and renegotiation), termination for cause and, finally, penalty clauses.