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    Qarar in International Oil and Gas Contract by Mohammad hossein Esfandiarpour, Ahmad Shaabani

    Published 2023-10-01
    “…Needlaess to say, due to various and broad operations, unpredictable increase and decrease in market prices, unforeseeable rservoire behavior, and in one word, Because of major technical and financial risks, there is a great uncertainty in both sides of the contract, the amount and conditions of investment and outcomes. From the Islamic jurisprudence viewpoint, those risks would cause “Qarar” and affect the validity of contract. …”
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