Transformations in the notion of contractual equilibrium between parties with equal bargaining position

Abstract

Research limitations – in this paper the research has been limited to the analysis of the concept of contractual equilibrium which had been dominating in classical period of contract law and the analysis of problems in applying such concept in the contemporary legal relationship between parties with equal bargaining power. Practical implications – the findings of the research can be applied by judges in determining the criteria which could be the basis for the intervention into contractual relationship between parties with equal bargaining power. Originality – although Zapolskis, P., Klimas, E., Jurgaitis, V., Jakaitė, A. and some other scholars have analysed particular aspects of contract law which are important for the ensuring the contractual balance in the relationship between the parties with equal bargaining position, the problems of intervention into such contractual relationship has been mention only indirectly and the attention has been paid to other aspects. Taking into consideration the absence of legal doctrine in Lithuanian Republic regarding intervention into legal relationship between parties with equal bargaining power, the research is original.