Article 401. Grounds for amendment and termination of the contract of the Civil Code of the Republic of Kazakhstan
1. Modification and termination of the contract are possible by agreement of the parties, unless otherwise provided by this Code, other legislative acts and the contract.
2. At the request of one of the parties, the contract may be amended or terminated by a court decision only:
1) in the event of a material breach of contract by the other party;
2) in other cases stipulated by this Code, other legislative acts or an agreement.
A violation of the contract by one of the parties is considered significant, which entails such damage to the other party that it is largely deprived of what it was entitled to expect when concluding the contract.
3. The contract is considered amended or terminated in the event of a unilateral refusal to perform the contract (withdrawal from the contract, respectively, in part or in full (Article 404 of this Code).
President
Republic of Kazakhstan
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