Article 403. Consequences of termination and amendment of the contract of the Civil Code of the Republic of Kazakhstan
1. Upon termination of the agreement, the obligations of the parties are terminated.
2. When the agreement is amended, the obligations of the parties continue to apply in an amended form.
3. In case of termination or modification of the contract, obligations are considered terminated or modified from the moment the parties reach an agreement on modification or termination of the contract, unless otherwise follows from the agreement of the parties or the nature of the modification of the contract, and in case of termination or modification of the contract in court - from the moment the court decision on termination or modification of the contract enters into force.
4. The parties shall not have the right to demand the return of what was performed by them under the obligation prior to the termination or amendment of the contract, unless otherwise established by legislative acts or agreement of the parties.
5. If the basis for the termination or amendment of the agreement was a material breach of the agreement by one of the parties, the other party has the right to demand compensation for damages caused by the termination or amendment of the agreement.
President
Republic of Kazakhstan
© 2012. RSE na PHB "Institute of Legislation and Legal Information of the Republic of Kazakhstan" of the Ministry of Justice of the Republic of Kazakhstan
Constitution Law Code Standard Decree Order Decision Resolution Lawyer Almaty Lawyer Legal service Legal advice Civil Criminal Administrative cases Disputes Defense Arbitration Law Company Kazakhstan Law Firm Court Cases
