PICC
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References
in ARTICLE 5.1.9 PICC

PICC  

UNIDROIT Principles of International Commercial Contracts 2016

(1) An obligee may release its right by agreement with the obligor.
(2) An offer to release a right gratuitously shall be deemed accepted if the obligor does not reject the offer without delay after having become aware of it.
Source: UNIDROIT
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