The underlying values of German and English contract law

This thesis identifies the underlying values of German and English contract law. It establishes that to some extent almost all values are reflected in both jurisdictions but that in many cases the underlying values compete with each other. The thesis identifies the balance of the values in the context of four problem areas namely pre-contractual duties of disclosure (breaking off negotiations), mistake, unfair contract terms and changed circumstances. The thesis concludes that although almost all values are reflected in each system the balance of the values differs significantly. This is important and topical because identifying the balance of the competing values within a jurisdictions and contrasting these to another jurisdiction provides a deeper level of understanding of the courts' decision-making process. The particular questions which the research addresses are twofold, firstly, which values are competing within the context of a particular problem, and secondly, what weight is given to each value in a given context in contrast to the other jurisdiction. In order to address these questions a combination of doctrinal and comparative research methods is adopted. The focus is on the decisions of the respective courts', but doctrinal elements are also explored through the way in which cases were interpreted by academic writers at that particular time, while a functional comparative method is adopted. The work does not aim to create its own theory of contract or try to engage in the theoretical debate of which universal values 'should' apply. The implications of the research findings are that policies at a European level can more accurately identify the core underlying values if they firstly identify the viability of harmonising areas of contract law and at a national level and evaluate potential legislative changes in light of these values. Additionally, identification of the values also allows further research on the desirability of the values to be conducted