Principles of International Commercial Contracts

The Principles of International Commercial Contracts are guidelines that help businesses from different countries create and enforce agreements. They cover aspects like how to negotiate terms, the importance of clarity in contracts, and resolving disputes. These principles ensure fairness, predictability, and efficiency in international trade. Key elements include defining rights and obligations, choosing governing laws, and methods for resolving conflicts, such as arbitration. By following these principles, companies can minimize risks and foster trust in global business relationships.