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Content And Third Party Rights Section 1: Content

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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 content which includes express and implied obligations, implied obligations, co-operation between the parties, duty to achieve a specific result, determination of kind of duty involved, price determination, contract for an indefinite period and release by agreement. It also discusses provisions on third party rights, which includes contracts in favour of third parties, third party identifiable, exclusion and limitation clauses, defences, revocation and renunciation.

Keywords: international case law; international commercial contacts; international contract law; third party rights; Unidroit Principles

10.1163/ej.9781571053466.i-1156.90
/content/books/10.1163/ej.9781571053466.i-1156.90
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