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(1) The seller may cancel the contract when the buyer fails to participate in its performance if such failure amounts to a fundamental breach of contract. The seller may on the same conditions cancel the contract when the buyer fails to take delivery of the goods under § 50 (b) above and the seller has a special interest in having them delivered.
(2) The contract may also be cancelled when the buyer, within an additional period of time of reasonable length which the seller has fixed for performance,
(a) fails to participate in carrying out the contract, or
(b) fails to take delivery of the object in cases where the seller has a special interest in having them delivered.
(3) In the course of the additional period the seller may not cancel, unless the buyer has declared that he will not perform within the period so fixed.
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"Treaties": international trade instruments
Private International Commercial Law
International Commercial Arbitration & other dispute settlement
International Tax & Financial Regulation
Carriage Transport & Maritime Law
Electronic Commerce and Encryption
International Criminal Law including Anti-Corruption and Cross Border Crime
International Life Sciences & Bio-Sciences