PICC UNIDROIT Principles of International Commercial Contracts 2016
PICC
UNIDROIT Principles of International Commercial Contracts 2016
(1) Release of one joint and several obligor, or settlement with one joint and several obligor, discharges all the other obligors for the share of the released or settling obligor, unless the circumstances indicate otherwise.
(2) When the other obligors are discharged for the share of the released obligor, they no longer have a contributory claim against the released obligor under Article 11.1.10.
Import: