Judicial Modification of Contract as a Result of Decrease in Money Value

The judicial modification of contract as a result of decrease of money value is a legal- economic concept emerged due to the economic fluctuation in recent century. According to the legal, philosophical and the economic basics presented for modification and decreasing money value, unfair possession seems to be a good basis, although the current legal system hardly accepts it. It seems that the legislator has accepted the hardships resulting from decreasing value as a basis.Regarding its nature decrease in money value causes liability and it can be compensated. The important point is possibility of maintaining the contract at its own forms considering value decrease. So in some cases value decrease of money, modification will not be justifiable. Continuation of the contract and keeping the agreed terms can be a suitable equivalent.