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Showing 7381–7390 of 56936 articles for “Art. I-3°”
Where the contract is concluded for an indefinite period, either party may terminate it at any time, subject to compliance with the contractual notice period or, failing this, a reasonable period.
Where the contract is concluded for a fixed term, each party must perform it until its term. No one may require renewal of the contract.
When, on expiry of the term of a fixed-term contract, the contracting parties continue to perform their obligations under the contract, the contract is tacitly renewed. This has the same effect as ren…
A fixed-term contract may be renewed by operation of law or by agreement of the parties. Renewal gives rise to a new contract whose content is identical to the previous one but whose duration is indef…
The contract may be extended if the contracting parties so wish before it expires. The extension may not prejudice the rights of third parties.
Perpetual commitments are prohibited. Each contracting party may terminate them under the conditions laid down for open-ended contracts.
If the institution loses all or part of the pledged item, the borrower is compensated by paying a sum equal to the appraised value of the item. This sum is increased by a fixed indemnity of 25%. The a…
If the pledged item deteriorates, the borrower may relinquish it to the institution, subject to payment of compensation determined in accordance with the procedures set out in article D. 514-12. In th…
Pledged assets which have not been released or renewed by the end of the term stipulated in the acknowledgements issued to the borrowers, or for which an additional term has not been granted by the Di…
After a period of three months from the date of deposit of the pledged item, any depositor may request the sale of the item at the sales periods set by the institution's internal regulations, even bef…
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