Harmonization of contract law

Harmonization of contract law refers to the process of standardizing legal rules and principles governing contracts across different countries or regions. The goal is to reduce legal differences that can complicate international trade and agreements, making it easier for parties from different jurisdictions to understand their rights and responsibilities. By creating common standards, harmonization promotes consistency, fairness, and efficiency in contract negotiations, enforcement, and dispute resolution worldwide. It does not eliminate unique national laws but aligns key aspects to facilitate smoother cross-border transactions.