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- W2956126814 abstract "Parties who have entered into a commercial contract may find that subsequent economic, commercial or other developments call for corresponding changes in the terms of the agreement. As part of contract planning, variation clauses are invariably incorporated in written commercial contracts to enable such changes to be made and to promote certainty. A common variation clause is the “No Oral Modification” clause which typically requires agreement, writing and signature by the parties before the variation can take effect. Where the requirements are not met, the question is whether the subsequent oral variation is legally effective. This has given rise to conflicting decisions across jurisdictions which have significant commercial ramifications. This paper will examine the legal uncertainty surrounding the effect of no oral variation clauses and suggest some pointers to businesses in the event that they encounter such uncertainty in the course of cross-border transactions." @default.
- W2956126814 created "2019-07-12" @default.
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- W2956126814 date "2018-08-31" @default.
- W2956126814 modified "2023-09-28" @default.
- W2956126814 title "Variation of Commercial Contracts" @default.
- W2956126814 hasPublicationYear "2018" @default.
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