On the Defaulting Party's Right to Terminate the Contract
Article 580,paragraph 2 of the Civil Code of the People's Republic of China clearly grants the defaulting party the right to terminate the contract.Therefore,the emphasis should be placed on the rea-sonable interpretation and application of the law rather than disputes over its validity.Based on the prin-ciples of good faith and fairness and justice,and within the framework of strict contract compliance,the defaulting party's right to terminate the contract presents more advantages than disadvantages.In judicial practice,the judicial department should rigorously examine whether the defaulting party has engaged in a malicious breach of contract,caused an imbalance of interests,or violated the principle of good faith.
contractual deadlockthe defaulting partythe right to terminate the contractimpossibility of performance
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