International Institute for the Unification of Private Law (UNIDROIT)

The International Institute for the Unification of Private Law (UNIDROIT) is an international organization based in Rome, Italy, established to harmonize and modernize private law across different countries. It aims to create consistent legal frameworks for issues like contracts and property rights, making it easier for people and businesses to engage in trade and transactions globally. UNIDROIT develops model laws and guidelines that countries can adopt, promoting legal certainty and reducing obstacles in international commerce. By fostering cooperation and understanding, it helps create a more predictable legal environment for cross-border interactions.