romanian english

MIRELA CARMEN DOBRILĂ: Case law on the termination clause

Abstract.Although the principle pacta sunt servanda (the principle of binding force of contracts) and the principle mutuus consensus, mutuus dissensus are applicable, the parties may introduce in the pre-sale contracts/ promissory sales contract a termination clause which gives the parties the right to unilaterally terminate the contract in exchange for a sum of money. The article analyzes certain relevant aspects of the jurisprudence regarding the termination clause in a pre-sale-purchase contract.

Key-words: promissory sales contract/promise of sale or purchase; pre-agreement; the right to rescind the contract; cancellation dause/ termination clause;unilateral termination of the contract; New Romanian Civil Code- Law no. 287/2009.

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