Clausula rebus sic stantibus

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