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Withdrawal Rights

  • Jiangqiu Ge
Chapter

Abstract

The discussion on withdrawal rights can start with the principle of pacta sunt servanda. This principle implies that the contracting parties should strictly comply with the contract and neither of them is allowed to withdraw from the contract at will. It is believed that this principle is the cornerstone of private law, because ‘it is a pre-condition for the functioning of contract as a means of social ordering between strangers’. Both in the EU and China, this principle is seen as an important principle in the area of contract law. For example, the Chinese Contract Law 1999 regulates that ‘no party shall unilaterally modify or terminate the contract’.

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Copyright information

© Springer Nature Singapore Pte Ltd. 2019

Authors and Affiliations

  • Jiangqiu Ge
    • 1
  1. 1.School of LawFudan UniversityShanghaiChina

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