Private Law
Mohamad Mohsen Karami
Abstract
Among the contracts or agreements in civil law, there are some in which an object is placed against the other (i.e. another obligation) and each of them is relied on the other. The significance of these contracts and their common feature, which is the reciprocity of exchanges, has forced the researcher ...
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Among the contracts or agreements in civil law, there are some in which an object is placed against the other (i.e. another obligation) and each of them is relied on the other. The significance of these contracts and their common feature, which is the reciprocity of exchanges, has forced the researcher to investigate this feature and its issues.The contract’s termination due to the insolvency option and also contractual termination based on the option of price delay in the sale contract as a obvious sample of exchange contracts and the obligation of the obligee to fulfill the obligation are also included. Execution of reciprocal obligations provide for execution of guarantees in the contract such as inserting the obligation in the contract or granting the termination right in the case of obligation non-fulfillment by the obligor.Predicting the termination right is useful since in Iranian law, following Imami jurisprudence, violating the contract is not a license to terminate the contract, however a guarantee of the initial implementation of the other party's obligation to fulfill the obligation, but this rule is not mandatory and the parties can the contract stipulates which non-fulfillment of any obligation leads to a termination right for the other party.
