INTERNATIONAL SALE OF GOODS: THE OBLIGATION TO RENEGOTIATE IN THE CASE OF SUPERVENING CHANGE IN CIRCUMSTANCE
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Abstract
The paper analyzes the obligation to renegotiate a contract in the case of hardship or supervening change in circumstance from the perspective of the uniform law of the Vienna Convention on Contracts for the International Sale of Goods and specifically the application of the Unidroit principles on International Commercial Contracts contained in Article 7(2) of said convention on the integration of those principles. The paper concludes that such an approach is appropriate and serves as an attractive option for domestic Chilean law in this field.