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Opt-Out Clause Is Not a Blank Check under Good Faith Lens

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DOI: 10.4236/blr.2019.104057    129 Downloads   273 Views

ABSTRACT

This paper is a case study of the final decision taken in the case M & F × Bank Santander, et al. (RE n°1.555.202-SP/Brazilian Superior Court of Justice). It intends to answer two questions: whether it is reasonable to repudiate—as the Court did—the termination written clause of the contract signed by the Parties in the light of good-faith principle; and, assuming Bank Santander violated such principle when trying to terminate the contract, what the proper remedy due is. Our findings demonstrate that the Court did a good job by repudiating the termination written clause on good-faith grounds, but failed to stipulate a correct indemnity.

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Machado, G. (2019) Opt-Out Clause Is Not a Blank Check under Good Faith Lens. Beijing Law Review, 10, 1066-1077. doi: 10.4236/blr.2019.104057.

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