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Why An International Restatement Of Contract Law?

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Chapter Summary

UNIDROIT's initiative to prepare the Principles of International Commercial Contracts originated, though in an entirely different context, from quite similar considerations and is directed towards much the same objectives. The present state of international contract law is far from satisfactory. With respect to some domestic laws it may even be almost impossible to find out what solution they provide for the issue at stake, because of the rudimentary character of the legal sources and the difficulty of access to them. The UNIDROIT Principles are, above all, drafted in clear and simple language so as to permit any educated person, even if not a trained lawyer, easily to understand them.

Keywords: domestic laws; international contract law; UNIDROIT



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