résolutoireexpressly

Résolutoire expressly refers to a specific type of clause within a contract that automatically terminates the agreement upon the occurrence of a predefined event. This clause is distinct from a standard termination clause because it is triggered by objective, easily verifiable circumstances, rather than requiring a declaration or action from one of the parties. The "expressly" part emphasizes that the conditions for termination are clearly and unequivocally stated within the contract itself.

These clauses are often employed to manage risk and provide certainty in contractual relationships. For example, a contract for a construction project might include a résolution express clause stating that the contract will be terminated if a necessary permit is not obtained by a certain date. Similarly, a loan agreement might stipulate that if the borrower defaults on a specific payment, the loan is automatically dissolved. The key characteristic is the automatic nature of the termination; once the specified event occurs, the contract ceases to be legally binding without any further notice or legal proceedings being initiated by either party. This immediate cessation of obligations is intended to prevent prolonged disputes or uncertainty. The validity and enforceability of such clauses can depend on the specific jurisdiction and the precise wording used in the contract.