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 Article #  

  (1) The seller may declare the contract avoided:

(a) if the failure by the buyer to perform any of his obligations under the contract or this Convention amounts to a fundamental breach of contract; or

(b) if the buyer does not, within the additional period of time fixed by the seller in accordance with paragraph (1) of article 63, perform his obligation to pay the price or take delivery of the goods, or if he declares that he will not do so within the period so fixed.

(2) However, in cases where the buyer has paid the price, the seller loses the right to declare the contract avoided unless he does so:

(a) in respect of late performance by the buyer, before the seller has become aware that performance has been rendered; or

(b) in respect of any breach other than late performance by the buyer, within a reasonable time:

(i) after the seller knew or ought to have known of the breach; or

(ii) after the expiration of any additional period of time fixed by the seller in accordance with paragraph (1) of article 63, or after the buyer has declared that he will not perform his obligations within such an additional period.


Issues       
# Cases
 1 Seller's right to avoid (terminate) contract
4
  1.1 Buyer's fundamental breach
10
  1.2 Buyer's failure to pay or to take delivery within additional time fixed according to Article 63
Country # Cases  
Arbitral Award 4  
Australia 1  
Austria 1  
Belgium 1  
France 1  
Germany 1  
Italy 1  
Switzerland 2  
Republic of Korea 1  
Date Court
14.10.2010 Seoul High Court
13
  1.3 Buyer's declaration of intention not to perform within additional time fixed according to Article 63
1
 2 Time of avoidance (termination)
  2.1 In case of late performance
  2.2 In case of other breach
Total: 25


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