Trans-Lex Administrative Information
[click here to copy citation to clipboard]
Please Cite as: "http://www.trans-lex.org/930000".
No. IV.6.3 - Fixing of price by one of the parties
If the contract provides that the price is to be fixed or determined by one of parties, and this determination is manifestly unreasonable, the other party may apply to a court or arbitral tribunal to have a reasonable price fixed, notwithstanding any agreements to the contrary.
Please click below for (full) text references[doctrine] [principles / restatements] [model laws]
There are no Threads related to this document. Open one by yourself.
Trans-Lex in Social Media: