CISG (United Nations Convention on Contracts for the International Sale of Goods)

The CISG, or United Nations Convention on Contracts for the International Sale of Goods, is an international agreement that standardizes the rules for buying and selling goods across different countries. It helps businesses from different nations understand their rights and responsibilities, making cross-border transactions smoother and more predictable. The CISG covers key aspects like forming contracts, delivery, and remedies if something goes wrong. Its goal is to reduce legal uncertainties in international trade, promoting fair and efficient commerce between countries.