UNIDROIT Principles of International Commercial Contracts

The UNIDROIT Principles of International Commercial Contracts are a set of guidelines that help parties from different countries create, interpret, and manage contracts for international business. They aim to promote fairness, clarity, and consistency in cross-border transactions by providing principles on issues like contract formation, performance, breach, and remedies. While not legally binding unless adopted, these principles serve as helpful references for understanding rights and obligations, reducing misunderstandings, and resolving disputes in international commerce. Essentially, they enhance trust and efficiency in global trade by offering a common legal framework.