It is not unusual that a clause used in a certain legal system is discussed elsewhere in similar terms. Nevertheless, it should be put in different perspective in several cases. The study focuses about the "take-or-pay" clauses, which are mainly found in international gas supply contracts. A “take-or-pay” provision obliges the purchaser to pay for a specific volume of gas regardless of whether the gas is taken or not. In the Common Law experience, the Courts consider whether a take or pay clause can amount to an unenforceable penalty. So, they hold that the clause does not violate the rules against penalties if the clause: (1) is commercially justifiable; (2) does not amount to oppression; (3) is negotiated and freely entered into between parties of equal bargaining power; and (4) does not have the predominant purpose of deterring a breach of contract. Although the scholars discuss similar issues under the Italian law, due consideration should be given to the peculiarities of the Italian legal system.

Rizzi, A. (2016). Considerazioni critiche sulla clausola «take or pay». Paradossi di una identità dimenticata. EUROPA E DIRITTO PRIVATO(2), 381-423.

Considerazioni critiche sulla clausola «take or pay». Paradossi di una identità dimenticata

RIZZI, ANTONIO
2016

Abstract

It is not unusual that a clause used in a certain legal system is discussed elsewhere in similar terms. Nevertheless, it should be put in different perspective in several cases. The study focuses about the "take-or-pay" clauses, which are mainly found in international gas supply contracts. A “take-or-pay” provision obliges the purchaser to pay for a specific volume of gas regardless of whether the gas is taken or not. In the Common Law experience, the Courts consider whether a take or pay clause can amount to an unenforceable penalty. So, they hold that the clause does not violate the rules against penalties if the clause: (1) is commercially justifiable; (2) does not amount to oppression; (3) is negotiated and freely entered into between parties of equal bargaining power; and (4) does not have the predominant purpose of deterring a breach of contract. Although the scholars discuss similar issues under the Italian law, due consideration should be given to the peculiarities of the Italian legal system.
Pubblicato
Rilevanza internazionale
Articolo
Esperti anonimi
Settore IUS/01 - Diritto Privato
Italian
take or pay
Rizzi, A. (2016). Considerazioni critiche sulla clausola «take or pay». Paradossi di una identità dimenticata. EUROPA E DIRITTO PRIVATO(2), 381-423.
Rizzi, A
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Utilizza questo identificativo per citare o creare un link a questo documento: https://hdl.handle.net/2108/172955
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