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Clausula rebus sic stantibus is the assumption that every contract contains, explicitly or implicitly, the clause that in the event of a substantial change in the circumstances existing at the time of its conclusion, the contract may be cancelled or its content modified. The debtor shall be discharged if exceptional and reasonably unforeseeable circumstances result in the debtor’s obligation to perform having such effects that insisting on it would amount to economic ruin,

Term-Nr.: 159

German: Clausula rebus sic stantibus (206)

Source: LK-Lötscher, 11.05.2020

Notice: The contents of this terminology collection Lawpedia® with a focus on business law (especially financial market law) have been researched with great care and compiled on the basis of an extensive flash card, training materials and literature. The various sources (as far as they could be found) can be found in the abbreviations and source references. References to other sources are welcome. Despite the care taken, the provider cannot accept any liability for the accuracy, completeness and topicality of the information provided. The information is of a general nature in particular and does not constitute legal advice in individual cases.

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