it is possible for the lessor to transfer the leasehold property to another party through sale or other contracts over the course of lease without enjoying profit. according to iranian civil code, article 498, transferring the object of lease even to the lessee himself does not contradict the lease contract. after the contract, the lease contract is still valid. in french law, transferring the ...

any reasonable person concludes a contract in order to attain (a) purpose(s). it sometimes arises that unforeseen occurrences, subsequent to the date of the contract, make worthless the promisee’s counter-performance for promisor without it has been become physically impossible or impracticability. this situation is analyzed under the doctrine of “frustration of purpose” in american law. nevert...

intentional assignment of entitlements (as opposed to debts) is a legal institution which is based on the possibility of separation of entitlements from the personality of creditor and of its assignment to a third party. in the voluntary assignment of entitlements, the creditors may assign their rights to a third party. after long discussions, voluntary assignment of rights has been accepted in...

today, the issue concerning the conferment of the whole or a part of the material rights belonging to the author and the related contracts is of special importance, to the extent that in some legal systems, such as the french, various specific contracts, like the publication contract, special provisions and regulations have been devised for it. whereas, no special rules concerning the above-men...

the cause is the basis of the existence and non-existence of a thing and its consideration is prior to consideration of the thing. in accordance with subjective theory, the will is the substance of the contract and the other elements of a contract are conditions of will’s efficiency. in contrast, according to objective theory, object of the contract is the substance of it and the other elements...

nowadays, in most legal systems, breach of contract leads inter alia to right of termination for obligee. but this has not always been the case. this study shows how european legal systems have moved from denial of right of termination for non-performance into recognition of a general rule concerning unilateral termination of breached contract. iranian legislature, inclined with the evolution o...

The price of crude oil in the U.S. never exceeded $40 per barrel until mid-2004. By 2006 it reached $70, and in July 2008 it peaked at $145. By late 2008 it had plummeted to about $30 before increasing to $110 in 2011. Are speculators at least partly to blame for these sharp price changes? We clarify the effects of speculators on commodity prices. We focus on crude oil, but our approach can be ...