Principles of European Contract Law (PECL)

The Principles of European Contract Law (PECL) is a set of guidelines designed to harmonize contract law across Europe. It outlines fundamental rules for creating, executing, and enforcing contracts, promoting fairness and clarity in transactions. PECL covers various topics, such as offer and acceptance, performance, and breach of contract, serving as a reference for lawmakers and legal practitioners. Its purpose is to facilitate trade and legal certainty across different legal systems in Europe, helping individuals and businesses understand their rights and obligations in contractual relationships.