UNIDROIT Principles of International Commercial Contracts

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The UNIDROIT Principles of International Commercial Contracts serve as a neutral, pragmatic framework for cross-border agreements, offering solutions to common contractual issues through a blend of civil and common law approaches. They have been cited in numerous arbitral and national court decisions and endorsed by organizations such as the United Nations Commission on International Trade Law and the Union Internationale des Avocats, representing around two million lawyers globally. Ignoring these principles, now over thirty years since their initial publication, is considered a significant oversight. This fully revised and expanded 2nd edition provides an article-by-article commentary from a practical standpoint, discussing alternative actions where relevant. It includes recommendations for selecting clauses from the UNIDROIT Principles and guidance for their application as templates or supplements to the CISG or national law. The edition also features extensive legislative analysis, alongside recent arbitral and court decisions. Authored by a German practitioner with international experience in both common and civil law, who has been admitted to the New York Bar, the commentary reflects over 20 years of practical use in various industries. It serves as a practical guide and checklist for issues to consider in international contracting.