Tacit Prolongation

Tacit Prolongation in Europe

Tacit Prolongation (in European Private Law)

In this context, this may be a concept of the term: “Tacit prolongation” is the process whereby, when a contract provides for continuous or repeated performance of obligations for a definite period and the obligations continue to be performed by both parties after that period has expired, the contract becomes a contract for an indefinite period, unless the circumstances are inconsistent with the tacit consent of the parties to such prolongation.

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See Also

  • Private Law

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