In any contract, the price must be determined or at least determinable. The parties may specify in the contract the essential elements by which the price could be determined in the future.
The determination of the price cannot be left to the subsequent appreciation of the parties or of one of them and not even the court cannot determine the price.
Copyright: © 2018 The Author(s)
Published by Human Resource Management Academic Research Society (www.hrmars.com)
This article is published under the Creative Commons Attribution (CC BY 4.0) license. Anyone may reproduce, distribute, translate and create derivative works of this article (for both commercial and non-commercial purposes), subject to full attribution to the original publication and authors. The full terms of this license may be seen at: http://creativecommons.org/licences/by/4.0/legalcode