Europe

Article 9.305 (ex art. 4.305) - Effects of Termination in General 477

1. Termination of the contract releases both parties from their obligation to effect and to receive future performance, but, subject to Articles 9.306 to 9.308, does not affect the rights and liabilities that have accrued up to the time of termination. 478

2. Termination does not affect any provision of the contract for the settlement of disputes or any other provision which is to operate even after termination. 479

Article 9.306 (ex art. 4.306) - Property Reduced in Value 480

A party who terminates the contract may reject property previously received from the other party if its value to the first party has been fundamentally reduced as a result of the other party's non-performance. 481

Article 9.307 (ex art. 4.307) - Recovery of Money Paid 482

On termination of the contract a party may recover money paid for a performance which it did not receive or which it properly rejected. 483

Article 9.308 (ex art 4.308) - Recovery of Property 484

On termination of the contract a party who has supplied property which can be returned and for which it has not received payment or other counter-performance may recover the property. 485

Article 9.309 (ex art. 4.309) - Recovery for Performance that Cannot be Returned 486

On termination of the contract a party who has rendered a performance which cannot be returned and for which it has not received payment or other counter-performance may recover a reasonable amount for the value of the performance to the other party. 487