Principles of International Commercial Contracts
Encyclopedia
The Principles of International Commercial Contracts (PICC) of 2004 is a document drawn up by UNIDROIT
intended to help harmonise international commercial contract
s law. The first edition of which was published in 1994, and the second, enlarged edition of which was published in 2004. It is due to be expanded with new sections on illegality.
UNIDROIT
The International Institute for the Unification of Private Law, also known as UNIDROIT, is an independent intergovernmental Organisation based in Rome, Italy...
intended to help harmonise international commercial contract
Contract
A contract is an agreement entered into by two parties or more with the intention of creating a legal obligation, which may have elements in writing. Contracts can be made orally. The remedy for breach of contract can be "damages" or compensation of money. In equity, the remedy can be specific...
s law. The first edition of which was published in 1994, and the second, enlarged edition of which was published in 2004. It is due to be expanded with new sections on illegality.
Contents
- Preamble
- Chapter 1, General Provisions
- Chapter 2, Formation and Authority of Agents
- Chapter 3, Validity
- Chapter 4, Interpretation
- Chapter 5, Content and Third Party Rights
- Chapter 6, Performance
- Chapter 7, Non-Performance
- Chapter 8, Set-off
- Chapter 9, Assignment of rights, transfer of obligations, assignment of contracts
- Chapter 10, Limitation periods
See also
- Australian contract lawAustralian contract lawAustralian contract law is based on the inherited English contract law, with specific statutory modifications of principles in some areas. Australian law has developed through the decisions of Australian courts, especially since the 1980s, and various pieces of legislation passed by the Parliament...
- Canadian contract lawCanadian contract lawCanadian contract law has its foundation in the English legal tradition of the 19th and early 20th century. It remains largely rooted in the old English common law and equity. Individual provinces have codified many of the principles in a Sale of Goods Act, which was also modeled on early English...
- English contract lawEnglish contract lawEnglish contract law is a body of law regulating contracts in England and Wales. With its roots in the lex mercatoria and the activism of the judiciary during the industrial revolution, it shares a heritage with countries across the Commonwealth , and the United States...
- French contract lawFrench contract lawFrench contract law is part of the law of obligations found in the Code Civil dealing with contracts.-See also:*English contract law*US contract law*German contract law...
- German contract lawGerman contract lawGerman contract law is found in the Bürgerliches Gesetzbuch, in both the "Allgemeine Teil" and the chapter on "Schuldrecht". It forms part of the general law of obligations....
- Principles of European Contract LawPrinciples of European Contract Law-Definition:The Principles of European Contract Law is a set of model rules drawn up by leading contract law academics in Europe. It attempts to elucidate basic rules of contract law and more generally the law of obligations which most legal systems of the member states of the European Union hold...
of 2003 - Restatement (Second) of ContractsRestatement (Second) of ContractsThe Restatement of the Law of Contracts is one of the most well-recognized and frequently-cited legal treatises in all of American jurisprudence. Every first year law student in every law school in the United States is exposed to it, and it is probably the most-cited non-binding authority in all...
of 1979 - UK commercial law
- UnidroitUNIDROITThe International Institute for the Unification of Private Law, also known as UNIDROIT, is an independent intergovernmental Organisation based in Rome, Italy...
- Uniform Commercial CodeUniform Commercial CodeThe Uniform Commercial Code , first published in 1952, is one of a number of uniform acts that have been promulgated in conjunction with efforts to harmonize the law of sales and other commercial transactions in all 50 states within the United States of America.The goal of harmonizing state law is...
of 1952 - US contract law
External links
- Unidroit's page for the PICC
- UnidroitUNIDROITThe International Institute for the Unification of Private Law, also known as UNIDROIT, is an independent intergovernmental Organisation based in Rome, Italy...
Principles of International Commercial Contracts of 2004 (text and commentary)