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Performance Section 1: Performance In General

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Chapter Summary

The Unidroit Principles of International Commercial Contacts is an entirely new approach to international contract law. They are widely recognized now as a balanced set of rules designed for use throughout the world irrespective of the legal traditions and the economic and political conditions of the countries in which they are applied. The Unidroit Principles in Practice provides a comprehensive collection of international case law and bibliographic materials relating to the Principles. These Principles set forth general rules for international commercial contracts. This chapter discusses provisions on performance which includes time of performance, performance at one time or in instalments, partial performance, order of performance, earlier performance, payment by cheque or other instrument, payment by funds transfer, currency of payment, cost of performance, imputation of payments, imputation of non-monetary obligations, application for public permission, procedure in applying for permission, permission neither granted nor refused and permission refused.

Keywords: international case law; international commercial contacts; international contract law; non-monetary obligations; Unidroit Principles



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