The Contractual Amendment of Contractual Obligations
DOI:
https://doi.org/10.66026/v4wyd927Keywords:
Contractual Amendment, Contractual Obligation, Novation, Settlement, Contract Extension, Temporary Suspension of Contract Performance.Abstract
This study examines the contractual modification of contractual obligations by mutual agreement as a legal mechanism aimed at preserving the contractual relationship and restoring its balance when circumstances change during the performance of the contract. It explores the concept of consensual modification, its underlying reasons, particularly unforeseen circumstances and force majeure, and distinguishes it from similar legal concepts. The study also analyzes the legal rules governing such modification, including its subject matter, its application to contractual obligations, its impact on guarantees provided by third parties, and its legal effects, most notably the temporary suspension of contract performance and the extension of the contract period. Adopting a comparative analytical approach, the research examines the Iraqi, Egyptian, and French Civil Codes, in addition to relevant juristic opinions. It concludes by recommending a comprehensive legislative framework regulating consensual contractual modification and its legal effects to promote contractual stability. This research adopted an analytical approach by examining the texts of the Iraqi Civil Code No. 40 of 1951, the Egyptian Civil Code No. 131 of 1948, and the French Civil Code of 1804. It also explored the provisions governing the contractual modification of contractual obligations, alongside a comparative approach to identify points of agreement and difference between these legal systems. Furthermore, it drew upon and analyzed scholarly opinions to determine the optimal legal framework for the contractual modification of contractual obligations.
The nature of the research necessitated its division into an introduction and five sections. The first section defined the concept of the contractual modification of contractual obligations, the second distinguished it from other legal situations, and the third explored the reasons for such modification. The fourth section outlined the provisions governing the contractual modification of contractual obligations, while the fifth addressed the consequences of such modification. The research concluded with the most important findings and recommendations.
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