If the original term of the contract has been extended pursuant to Article 292, paragraph 2, and the extended contract has not been terminated by the end of the second term referred to in that paragraph, the contract shall continue for an indefinite period of time, unless a definite term results from the contract or the parties agree on a definite term.
If the contract is continued under paragraph 1 for an indefinite period, it may be terminated by either party. If the contract is continued for a fixed term or is entered into for a term of ten years or more, then, in deviation from Article 228, paragraph 1, it shall not terminate by the mere expiration of the lease term, but may be terminated by either party by the end of that lease term.
The termination must meet the requirements of Articles 293 (2) and (3) and Article 294. Articles 295 to 299 shall apply mutatis mutandis.
If an action to fix the time when the contract will end has been rejected, and it does not follow from the contract that it will then be continued for a specified period of time by the end of which it can be revoked, the contract can be validly revoked only after a period of one year has elapsed after the rejection has become irrevocable. The court may specify a longer period in its rejection decision.
Regulations based on this article (delegated regulations)
No
Policies and circulars that have this article as legal authority
No
Articles or similar text referring to this article
Civil Code Book 7
article: 301
Act to auction certain motor fuel outlets
section: 3, 16
(12-05-2021)
|
Effective date |
Retroactivity |
Subject |
Signature |
Announcement |
Chamber documents |
Signature |
Announcement |
Note |
|
new |
21-11-2002 |
Stb. 2002, 588
|
2003 |
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