Academic literature on the topic 'Contractual adjustment'

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Journal articles on the topic "Contractual adjustment"

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Oxelheim, Lars, Clas Wihlborg, and David Lim. "Contractual price rigidities and exchange rate adjustment." International Trade Journal 5, no. 1 (1990): 53–76. http://dx.doi.org/10.1080/08853909008523707.

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Tot, Ivan. "Rizik unovčenja objekta leasinga u ugovoru o operativnom leasingu motornog vozila." Zbornik Pravnog fakulteta Sveučilišta u Rijeci 38, no. 1 (2017): 303–35. http://dx.doi.org/10.30925/zpfsr.38.1.10.

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The subject of the research in this paper are automotive operating lease contracts in the Croatian business practice. The provisions of the general terms and conditions for operating lease contracts of the Croatian leasing companies are being analysed, particulary those relating to the rights and obligations of the parties to the contract after the operating lease contract was terminated and the motor vehicle returned to the lessor. The existence of three contractual models of the automotive operating lease contract in the Croatian business practice is established, which vary with regard to th
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Anchishkina, O. V. "Analysis of relations in the state sector of Russian public procurement." Voprosy Ekonomiki, no. 10 (October 20, 2018): 106–26. http://dx.doi.org/10.32609/0042-8736-2018-10-106-126.

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The paper deals with a special sector of public procurement — G2G, in which state organizations act as both customers and suppliers. The analysis shows the convergence between contractual and administrative relations and risks of transferring the negative factors, responsible for market failures, into the administrative system, as well as the changing nature of the state organization. Budget losses in the sector G2G are revealed and estimated. There are doubts, whether the current practice of substitution of market-based instruments for administrative requirements is able to maintain integrity
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Yan, Bin, and Qing Hua Zhao. "Influence Analysis to Beneficial Period and Pricing of Hydraulic Project Based on Risk Allocation." Advanced Materials Research 594-597 (November 2012): 2963–67. http://dx.doi.org/10.4028/www.scientific.net/amr.594-597.2963.

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The public department and the private investor is the commonly contractual subjects of the chartered operating project. Risk sharing idea is an important manifestation to contract justification. The public department determines the compensate degree to private investor through controlling the project’s beneficial period or the chartered operating price. Aim at part of the risk loss that the public department should undertake after risk events had happened; two flexible process models were studied. The adjustment to project beneficial period or product purchasing price was put forward in allusi
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Jo, Teoh Ming, Siti Salwa Mohd Ishak, and Zul Zakiyuddin Ahmad Rashid. "Overview of the Legal Aspects and Contract Requirements of the BIM Practice in Malaysian Construction Industry." MATEC Web of Conferences 203 (2018): 02011. http://dx.doi.org/10.1051/matecconf/201820302011.

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Legal, contractual issues and the absence of appropriate protocols have been ranked as critical barriers associated with the implementation of Building Information Modelling (BIM). As to date, these issues are under studied and there is lack of framework addressing legal and contractual measures ensuring contract best practice in BIM project setting and legal environment in Malaysia. This research attempts to review legal issues and two common local standard forms of contract in order to highlight provisions to suit BIM practice. The potential legal issues that were drawn from literature revie
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Xue, Yong, and Xinyi Yun. "The optimal performance target of valuation adjustment mechanism agreement with real options perspective." PLOS ONE 17, no. 11 (2022): e0277509. http://dx.doi.org/10.1371/journal.pone.0277509.

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The valuation adjustment mechanism (‘VAM’) agreement has recently been widely adopted in venture capital investment in emerging markets. The VAM agreement endows venture capital institutions a contractual right to reevaluate invested startup contingent on preset performance targets, which is crucial for the effectiveness of the VAM agreement by deeply affecting the strategy and fate of the startup. Motivated by exploring a rational performance target setting, this paper: 1)Firstly, extracts a general structure of the VAM agreement by cases analysis;2) Secondly, adopts a real options methodolog
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Garcia Fuentes, Mateo. "Distressed Mergers and Acquisitions: Price Adjustment Mechanisms in the Context of Distress." Business Law Review 43, Issue 4 (2022): 155–63. http://dx.doi.org/10.54648/bula2022023.

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In crisis contexts, distressed Mergers and Acquisitions (M&A) arise as viable options for companies under severe financial pressure seeking to avoid bankruptcy. However, distressed M&A transactions are accompanied by multiple complexities that turn the process of merging or acquiring a financially distressed company or asset into a risk-driven business activity. The impossibility to conduct a thorough due diligence due to pressing time constraints, the lack of extensive warranty and indemnity protection, and the impact of these two factors on the target’s valuation, constitute
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Sutcliffe, Jonathan, and Jonathan Blaney. "Arbitration of LNG Price Review Disputes." BCDR International Arbitration Review 7, Issue 1 (2020): 133–48. http://dx.doi.org/10.54648/bcdr2021019.

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Price review arbitration remains a prevalent feature of the Liquefied Natural Gas (LNG) industry. Contractual pricing schemes may require periodical adjustment to realign them with prevailing commercial realities or market conditions. Price review clauses may provide for the review and potential revision of the contract price, by agreement, at specific times and on the occurrence and fulfillment of certain conditions.Where agreement cannot be reached, disputes will often be settled by international arbitration. Some of the more commonly seen characteristics of price review clauses are explored
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Noyoo, Ndangwa. "Structural adjustment programmes in Sub-Saharan Africa in the 1980s and 1990s." RBEST Revista Brasileira de Economia Social e do Trabalho 4 (November 20, 2022): e022012. http://dx.doi.org/10.20396/rbest.v4i00.16536.

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The paper discusses the World Bank’s and International Monetary Fund’s Structural Adjustment Programmes (SAPs) in Sub-Saharan Africa in the 1980s and 1990s. Most countries in this region did not demonstrate autonomy in regard to national economic management and public policy processes, but acquiesced to the economic austerity prescriptions of the international financial institution, which were supposed to have resuscitated their economies. The paper seeks to provide some insights pertaining to how multilateral financial agencies engaged national governments, not as partners in a contractual re
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Caldarelli, Gioia. "Unilateral Modification of Long Term Contracts: American Change of Terms Clauses and Italian Ius Variandi from a ‘Relational’ Point of View." European Review of Contract Law 17, no. 1 (2021): 37–53. http://dx.doi.org/10.1515/ercl-2021-0002.

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Abstract This article analyses the compromise required between certainty and flexibility in long-term contracts, which would appear to be intrinsically linked to the adoption of adjustment tools. The allocation of rights and risks at the beginning of a contract may include the enforceability of clauses which empowers one party to unilaterally amend the original terms of the contract. On the one hand, a right granted by a change of terms clause, if properly exercised, may allow both parties to obtain the most from a long-term contract. On the other, it is essential to provide limitations so as
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Dissertations / Theses on the topic "Contractual adjustment"

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Domingues, Estêvão Miguel Cardoso. "Behaviour of the contractual service margin on the general measurement model." Master's thesis, Instituto Superior de Economia e Gestão, 2019. http://hdl.handle.net/10400.5/20006.

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Mestrado em Actuarial Science<br>IFRS 17 é a nova norma internacional para seguros que irá ter início em 2022, provocando dificuldades sem precedentes no mundo segurador. Desde novos requisitos quantitativos, até motores computacionalmente avultados. É o novo desafio para as empresas seguradoras e consultores em todo o mundo. Um dos novos componentes da norma é a Contractual Service Margin. Esta componente corresponde ao lucro não adquirido do grupo de contractos. Consoante os serviços prestados, este montante será lançado na insurance revenue e irá afectar directamente o lucro em cada períod
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Cruz, Maria Carlota Gonçalves Porto. "Evaluation of the technical provisions of insurance contracts under IFRS 17." Master's thesis, Instituto Superior de Economia e Gestão, 2019. http://hdl.handle.net/10400.5/19429.

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Mestrado em Actuarial Science<br>A adoção da IFRS 17 a um de Janeiro de 2022 introduz um dos maiores desafios recentemente enfrentados pelas empresas de seguros. A compreensão das mudanças inerentes à sua introdução, bem como os possíveis impactos no mercado segurador, tornou-se preocupação geral do mercado, alvo de intensa discussão e investigação. Devido ao seu cariz internacional, a IFRS 17 é desenvolvida num contexto de requisitos não prescritivos, baseado em princípios. No entanto, a sua natureza levanta algumas questões na salvaguarda do level-playing field que é desejado. A subjetivida
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Attias, Benjamin. "La survie du contrat." Thesis, Paris 11, 2015. http://www.theses.fr/2015PA111005.

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A l’aune d’une réforme du droit des obligations, et alors que les relations contractuelles se complexifient et ont vocation à durer, le contrat a parfois besoin d’être protégé. Le respect de la parole donnée par les contractants, en raison de la confiance que les parties se sont mutuellement accordées, n’est pas toujours chose aisée pour les parties et un risque d’extinction du contrat sans satisfaction pèse sur les parties. La nullité du contrat, pour défaut de validité, mais surtout les risques d’inexécution, qui peuvent conduire à la résolution ou à la caducité du contrat, menacent l’existe
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Djiguemdé, Wendkouni Judicaël. "L'aménagement conventionnel de la société commerciale en droit français et en droit OHADA." Thesis, Bordeaux, 2015. http://www.theses.fr/2015BORD0345/document.

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Toute législation en matière économique se doit d’être souple et adaptée àl’évolution du monde des affaires. Le droit des sociétés OHADA, de même que celui français,n’échappe pas à ce principe. Très rigide à l’origine, et caractérisé par un ordre publicomniprésent, le droit des sociétés commerciales OHADA est gagné par le mouvement decontractualisation des sociétés, apparu en France depuis les années 1990. Le droit des contratss’est avéré un excellent moyen pour les praticiens d’apporter de la flexibilité au droit dessociétés. Les aménagements conventionnels, ou conventions sociétaires ou enco
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Leroy, Caroline. "Le pacte d'actionnaires dans l'environnement sociétaire." Phd thesis, Université Paris-Est, 2010. http://tel.archives-ouvertes.fr/tel-00675666.

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Le pacte d'actionnaires se place dans une forme de dépendance unilatérale au contrat de société qui n'est pas sans rappeler le rapport juridique d'accessoire à principal.En effet, s'il est fondamentalement distinct du contrat de société qu'il complète, tout pacte conclu par certains actionnaires, en dehors des statuts, afin d'organiser leurs relations interindividuelles d'actionnaires, trouve nécessairement sa matière et puise sa raison d'être dans le pacte social. Ainsi, la dépendance du pacte au contrat de société se manifeste-t-elle, de la manière la plus évidente, par la caducité qu'entraî
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Tsai, Sheng-ying, and 蔡昇穎. "The Mechanism of Construction Procurement Bid Reviewing and the Contractual Unit Price Adjustment." Thesis, 2008. http://ndltd.ncl.edu.tw/handle/65rmba.

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碩士<br>國立中央大學<br>營建管理研究所<br>96<br>Since the inauguration of the Government Procurement Law (GPL), the contracting officers usually adopt lump-sum lowest bid method to award the contract for a construction project to the bidder who submits the lowest bid price. If the bid price is considered to be unreasonable, the contracting officers often just ask the lowest bidder providing additional security bond to protect their privities. But they never review the lowest bid price if it is so low that evidently appears to be unreasonable. However, for preventing the occurrence of unbalanced bids, after t
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SARTORIS, CHIARA. "Poteri del giudice e nullità di protezione." Doctoral thesis, 2019. http://hdl.handle.net/2158/1169962.

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Lo studio della nullità di protezione prevista dall'art. 36 cod. cons. offre lo spunto per riflettere sul grado di effettività del rimedio, quando l'invalidità colpisce una clausola essenziale per il rapporto. A ben vedere, infatti, un sistema di soppressione delle clausole abusive basato sulla semplice nullità parziale necessaria non appare sempre in grado di realizzare efficacemente l'obiettivo di protezione del contraente debole. Ove a essere eliminata sia una clausola essenziale o un gran numero di clausole, il rischio, per il consumatore, è che la nullità si estenda a contagiare l'intero
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Books on the topic "Contractual adjustment"

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Loukas, Mistelis. Part II Investor-State Arbitration in the Energy Sector, 7 Contractual Mechanisms for Stability in Energy Contracts. Oxford University Press, 2018. http://dx.doi.org/10.1093/law/9780198805786.003.0007.

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This chapter discusses the interpretation and enforceability of various contractual means typically used in energy contracts to ensure a sustainable relationship between the contracting parties. These are the stabilization or freezing clauses and the economic equilibrium clauses together with the variants of adjustment, force majeure, and hardship clauses. These clauses are discussed from a historical and comparative viewpoint. In addition, while a dispute is occurring, it is essential to preserve the contract and relationship between the parties, and thus the chapter also looks at how multi-t
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Hugh, Beale, Bridge Michael, Gullifer Louise, and Lomnicka Eva. Part II Description of Interests, 8 Rights Not Including the Transfer or Retention of Title. Oxford University Press, 2018. http://dx.doi.org/10.1093/law/9780198795568.003.0008.

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This chapter talks about how set-off is the process by which a claim is reduced or eliminated upon account being taken of a cross-claim. Set-off comes in a number of different forms arising by operation of law. Some of these forms may be expanded or abbreviated (even eliminated) by a contract between the relevant parties. There are also several rules that bear a close resemblance to set-off but that technically are, or may be, distinct. These include the ability of a buyer, receiving defective goods, to deduct a sum representing their diminished value from the purchase price claimed by the sel
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Gerard, McMeel. Part III Particular Contractual Provisions, 22 Change of Circumstances and ‘ Force Majeure ’ Clauses. Oxford University Press, 2017. http://dx.doi.org/10.1093/law/9780198755166.003.0022.

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This chapter looks at regimes for change of circumstances and other future events which have an impact on performance. These are universally known as force majeure provisions. Such clauses opt out of the narrow and uncertain scope of the common law doctrine of frustration. They avoid the common law rule that any element of choice or election as to which contracts to perform is incompatible with frustration. The parties can design their own remedial scheme, including suspension of performance (if appropriate) as well as complete relief from the obligation to perform. Furthermore, they can make
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Book chapters on the topic "Contractual adjustment"

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Campbell, David. "The Spectrum of Contracts." In Contractual Relations. Oxford University PressOxford, 2022. http://dx.doi.org/10.1093/oso/9780198855156.003.0010.

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Abstract The late Ian Macneil saw the main value of his work to be its demonstration that all contracts are relational. The distinction between discrete and relational contracts that drew such attention to Macneil’s work nevertheless has great value, but it must be interpreted in light of the sense in which all contracts are relational. Discrete contracts are based on the ‘presentiation’ of risk at the time of agreement. This requires the maintenance of strict liability for the allocation of presentiated risk, and so the general excuse of ‘impossibility’ recognised in the doctrines of common mistake and frustration has no role in the law of contract. Relational contracts deal with Knightian uncertainties by agreed contract planning which provides for the adjustment of obligations. This runs into the legal obstacle of the doctrine of the insufficiency of existing obligations. The necessary but ad hoc use of economic duress, promissory estoppel, and practical benefit to accommodate the existing obligations doctrine to relational contracting have left the doctrine completely incoherent. Coherence in this extremely important area requires distinguishing presentiated obligations, which must be strict, from relational obligations, which can be adjusted.
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Rosati, Eleonora. "Article 20—Contract Adjustment Mechanism." In Copyright in the Digital Single Market. Oxford University Press, 2021. http://dx.doi.org/10.1093/oso/9780198858591.003.0021.

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This chapter focuses on Article 20 of Directive 2019/790, order on copyright in the Digital Single Market in Europe, which analyzes the contract adjustment mechanism. It reviews the rights of authors and performers or their representatives in claiming additional, appropriate, and fair remuneration from the party with whom they entered into a contract for the exploitation of their rights in the absence of an applicable collective bargaining agreement. It also points out that authors and performers tend to be in the weaker contractual position when they grant a licence or transfer their rights for the purposes of exploitation in return for remuneration. The chapter analyzes certain contracts for the exploitation of rights harmonised at Union level that are of long duration. It talks about a remuneration adjustment mechanism that should be provided for cases where the remuneration originally agreed under a licence or a transfer of rights becomes disproportionately low.
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Marulanda, A., and M. Neuenschwander. "Contractual time for completion adjustment in the FIDIC Emerald Book." In Tunnels and Underground Cities: Engineering and Innovation meet Archaeology, Architecture and Art. CRC Press, 2020. http://dx.doi.org/10.4324/9781003031659-23.

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Marulanda, A., and M. Neuenschwander. "Contractual time for completion adjustment in the FIDIC Emerald Book." In Tunnels and Underground Cities: Engineering and Innovation meet Archaeology, Architecture and Art. CRC Press, 2019. http://dx.doi.org/10.1201/9780429424441-476.

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Marulanda, A., and M. Neuenschwander. "Contractual time for completion adjustment in the FIDIC Emerald Book." In Tunnels and Underground Cities: Engineering and Innovation meet Archaeology, Architecture and Art. CRC Press, 2020. http://dx.doi.org/10.1201/9781003031659-23.

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Rosati, Eleonora. "Article 21—Alternative Dispute Resolution Procedure." In Copyright in the Digital Single Market. Oxford University Press, 2021. http://dx.doi.org/10.1093/oso/9780198858591.003.0022.

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This chapter deals with the alternative dispute resolution procedure outlined in Article 21 of the copyright order in Europe, Directive 2019/790. It examines disputes concerning the transparency obligation and the contract adjustment mechanism that may be applied for a voluntary, alternative dispute resolution procedure. It also refers to Member States that are required to ensure that representative organisations of authors and performers may initiate dispute resolution procedures at the specific request of one or more authors or performers. The chapter explains why authors and performers are often reluctant to enforce their rights against their contractual partners before a court or tribunal. It looks at the task of Member States to provide for an alternative dispute resolution procedure that addresses claims by authors and performers, or by their representatives on their behalf, related to obligations of transparency and the contract adjustment mechanism.
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Balodis, Kaspars. "Apstākļu izmaiņu ietekme uz līguma saistošo spēku un labas ticības princips." In Tiesības un tiesiskā vide mainīgos apstākļos. LU Akadēmiskais apgāds, 2021. http://dx.doi.org/10.22364/juzk.79.13.

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According to the Civil Law of Latvia, Article 1587, a contract imposes on a party a duty to perform the promise, and neither the exceptional difficulty of the transaction, nor difficulties in performance arising later, shall give the right to one party to withdraw from the contract, even if the other party is compensated for losses. The Civil Law does not recognise a fundamental change in circumstances as a ground for adjustment or cancellation of a contract, although the doctrine is well known in the country. In many cases, Covid-19 restrictions have been damaging to parties’ ability to perform their contractual obligations. Under certain conditions, the principle of good faith (Article 1 of the Civil Law) could be applied to adjust contracts to the changed circumstances.
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Rosati, Eleonora. "Article 23—Common Provisions." In Copyright in the Digital Single Market. Oxford University Press, 2021. http://dx.doi.org/10.1093/oso/9780198858591.003.0024.

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This chapter covers the common provisions in Article 23 of the copyright order in Europe, Directive 2019/790. It refers to Member States that are required to ensure that any contractual provision that prevents compliance with the transparency obligation and contract adjustment mechanism will be unenforceable in relation to authors and performers. It also looks at the legislation that causes non-compliance with the alternative dispute resolution procedure. The chapter points out that the provisions on the right of revocation do not apply to authors of a computer program within the meaning of Article 2 of Directive 2009/24/EC on the legal protection of computer programs. It emphasizes that the principle of appropriate and proportionate remuneration in Article 18 of Directive 2019/790 do not affect individuals involved in computer programs.
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Briggs, Adrian. "Contractual Obligations." In The Conflict of Laws. Oxford University Press, 2019. http://dx.doi.org/10.1093/oso/9780198838500.003.0005.

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This chapter discusses the law on contractual obligations. On Exit Day, and unless any further legislative provision is made, the provisions of EU law set out in the Rome I Regulation, Regulation 593/2008, will be retained as the law of the United Kingdom. The adjustments necessary to allow the Rome I Regulation to operate as English private international law are made by the Law Applicable to Contractual Obligations and Non-Contractual Obligations (Amendment etc) (EU Exit) Regulations 2019, SI 2019 No 834: these adjustments are of no substantial importance. It follows that it is possible to refer in this chapter to the Rome I Regulation without needing to draw attention to its status as EU legislation (as it was prior to Exit Day) or as retained EU legislation (as it is on and after Exit Day).
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Briggs, Adrian. "Non-Contractual Obligations." In The Conflict of Laws. Oxford University Press, 2019. http://dx.doi.org/10.1093/oso/9780198838500.003.0006.

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This chapter discusses the law on non-contractual obligations. On Exit Day, and unless any further legislative provision is made, the provisions of EU law set out in the Rome II Regulation, Regulation 864/2007, will be retained as the law of the United Kingdom. The adjustments necessary to allow the Rome II Regulation to operate as English private international law are made by the Law Applicable to Contractual Obligations and Non-Contractual Obligations (Amendment etc) (EU Exit) Regulations 2019, SI 2019 No 834: these adjustments are of no substantial importance. It follows that it is possible to refer in this chapter to the Rome II Regulation without needing to draw attention to its status as EU legislation (as it was prior to Exit Day) or as retained EU legislation (as it is on and after Exit Day).
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Conference papers on the topic "Contractual adjustment"

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Barbosa, Fábio C. "Brazilian Freight Rail Concessions Overview: Current Outcomes and Perspectives." In 2019 Joint Rail Conference. American Society of Mechanical Engineers, 2019. http://dx.doi.org/10.1115/jrc2019-1237.

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The formerly public owned Brazilian Freight Rail System was under pressure in the middle nineties, mainly due to the revenue insufficiency, resulting from the government rate control policy and the inherent lack of investments, as well as the increasing funding requirements from the public budget. In this context, the system has been denationalized in the mid nineties, following a corridor format, with 11 regionalized concessions, with 30 year term contracts, running under a price-cap rate regime. The denationalization model has set contractual production and safety targets, which ultimately h
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