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Part IV International Business Law, XXIV International Sales and Contract Law

From: Principles of International Economic Law (1st Edition)

Matthias Herdegen

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From: Oxford Public International Law (http://opil.ouplaw.com). (c) Oxford University Press, 2015. All Rights Reserved.date: 05 December 2020

Subject(s):
Goods — EC Law
The harmonization of rules is an elementary concern of international commerce. In international business relations, the parties have a vital interest in reliably knowing their mutual rights and obligations. A contract does not necessarily settle all contentious issues and may give rise to controversies and lead to litigation. It may be a matter of doubt which law applies to the contractual relation, and the courts in different countries may reach different conclusions in this context. International agreements on the applicable law respond to this problem. Even...
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