The Principles of European Contract Law

The Principles of European Contract Law (PECL) are a set of guidelines that outline fair and consistent rules for contracts across Europe. They emphasize mutual agreement, honest communication, and fairness. Key ideas include the importance of consent, the fulfillment of promises, and remedies if one party breaches the contract. PECL aim to harmonize contract law, making cross-border agreements clearer and more reliable, while respecting the diversity of legal traditions in different countries. They serve as a reference for lawyers, judges, and businesses to ensure contracts are fair, predictable, and enforceable.