Article 15. Amendment and termination of a business contract

Amendment and termination of a business contract is possible upon agreement of the parties, if not otherwise provided by law or the contract.

The agreement of the parties to amend or terminate the business contract follow the same procedure as conclusion of a contract.

A unilateral refusal to execute a business contract and a unilateral change of the terms of a business contract are not allowed, except the cases specified in the legislation or the contract.

At the request of one of the parties, the business contract may be amended or terminated by a decision of the economic court only if there is a significant violation of the business contract by the other party or in other cases provided by law or the contract.

A violation of a business contract by one of the parties is deemed significant, in case if the other party suffers losses and does not receive the expected benefits counted for while concluding a business contract.

A requirement to amend or terminate a business contract may be filed by the party to the court only upon refusal by the other party to amend or terminate the contract or if a response is not received within the period specified in the proposal or established by law or contract, and in the absence of an established period in the contract thirty days are given.