One-sided contract modifications and the requirement of consideration
The parties to an existing contract may agree that the obligations of one party (but not of the other) are to be modified. For a long time, one-sided contract modifications were considered unenforceable for lack of consideration. It is now widely recognised that this approach fails to give effect to...
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ftunivsussex:oai:sro.sussex.ac.uk:80914 2023-07-30T03:56:33+02:00 One-sided contract modifications and the requirement of consideration Harder, Sirko 2019 application/pdf http://sro.sussex.ac.uk/id/eprint/80914/ http://sro.sussex.ac.uk/id/eprint/80914/1/S%20Harder%20%5B2019%5D%20LMCLQ%20138-161.pdf en eng Lloyds of London Press Ltd http://sro.sussex.ac.uk/id/eprint/80914/1/S%20Harder%20%5B2019%5D%20LMCLQ%20138-161.pdf Harder, Sirko (2019) One-sided contract modifications and the requirement of consideration. Lloyd's Maritime and Commercial Law Quarterly, 2019 (1). pp. 138-161. ISSN 0306-2945 arr K0600 Private law KD0051 England and Wales KE Law of Canada KF Law of the United States KL-KWK Asia and Eurasia Africa Pacific Area and Antarctica Article PeerReviewed 2019 ftunivsussex 2023-07-11T20:40:10Z The parties to an existing contract may agree that the obligations of one party (but not of the other) are to be modified. For a long time, one-sided contract modifications were considered unenforceable for lack of consideration. It is now widely recognised that this approach fails to give effect to the parties’ autonomy and intention. Two alternative approaches have emerged across the common law world. One approach is to find consideration in a practical benefit obtained by the promisor. The other approach is to abolish the consideration requirement for contract modifications. This article investigates the merits of both alternative approaches. Article in Journal/Newspaper Antarc* Antarctica University of Sussex: Sussex Research Online Canada Pacific |
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University of Sussex: Sussex Research Online |
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ftunivsussex |
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English |
topic |
K0600 Private law KD0051 England and Wales KE Law of Canada KF Law of the United States KL-KWK Asia and Eurasia Africa Pacific Area and Antarctica |
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K0600 Private law KD0051 England and Wales KE Law of Canada KF Law of the United States KL-KWK Asia and Eurasia Africa Pacific Area and Antarctica Harder, Sirko One-sided contract modifications and the requirement of consideration |
topic_facet |
K0600 Private law KD0051 England and Wales KE Law of Canada KF Law of the United States KL-KWK Asia and Eurasia Africa Pacific Area and Antarctica |
description |
The parties to an existing contract may agree that the obligations of one party (but not of the other) are to be modified. For a long time, one-sided contract modifications were considered unenforceable for lack of consideration. It is now widely recognised that this approach fails to give effect to the parties’ autonomy and intention. Two alternative approaches have emerged across the common law world. One approach is to find consideration in a practical benefit obtained by the promisor. The other approach is to abolish the consideration requirement for contract modifications. This article investigates the merits of both alternative approaches. |
format |
Article in Journal/Newspaper |
author |
Harder, Sirko |
author_facet |
Harder, Sirko |
author_sort |
Harder, Sirko |
title |
One-sided contract modifications and the requirement of consideration |
title_short |
One-sided contract modifications and the requirement of consideration |
title_full |
One-sided contract modifications and the requirement of consideration |
title_fullStr |
One-sided contract modifications and the requirement of consideration |
title_full_unstemmed |
One-sided contract modifications and the requirement of consideration |
title_sort |
one-sided contract modifications and the requirement of consideration |
publisher |
Lloyds of London Press Ltd |
publishDate |
2019 |
url |
http://sro.sussex.ac.uk/id/eprint/80914/ http://sro.sussex.ac.uk/id/eprint/80914/1/S%20Harder%20%5B2019%5D%20LMCLQ%20138-161.pdf |
geographic |
Canada Pacific |
geographic_facet |
Canada Pacific |
genre |
Antarc* Antarctica |
genre_facet |
Antarc* Antarctica |
op_relation |
http://sro.sussex.ac.uk/id/eprint/80914/1/S%20Harder%20%5B2019%5D%20LMCLQ%20138-161.pdf Harder, Sirko (2019) One-sided contract modifications and the requirement of consideration. Lloyd's Maritime and Commercial Law Quarterly, 2019 (1). pp. 138-161. ISSN 0306-2945 |
op_rights |
arr |
_version_ |
1772813675781947392 |