Book Description

In the law of contracts, the term `internationalization' has come to mean the removal of transactions from any nation's legal standards, system of dispute resolution, or commercial practices. The trend has picked up speed in recent years, to the point where many business people want their contracts `internationalized' as a matter of course. This convenient volume contains the heart of the matter. It focuses on the essential elements that make a contract `international' in the new sense, and the interrelationships between those elements, rather than on the constantly changing mass of attendant detail. To clarify such an understanding of `internationalization,' the author describes and analyzes various aspects of international contract law regimes, including: The United Nations Convention on Contracts for the International Sale of Goods (CISG); The UNIDROIT Principles; CISG and UNIDROIT Jurisprudence; The lex mercatoria and other international, regional, and national contract law principles. A final chapter deals exclusively with practical applications--when to and when not to `internationalize' a contract, how to plan for effectiveness and the best advantage, and selecting appropriate and consistent devices for `internationalization.'