International Association of Uniform Private Law -- International Commercial Contracts Principles

Author: Department of Treaty and Legal Affairs, Ministry of Commerce
Translator: Department of Treaty and Legal Affairs, Ministry of Commerce
Publisher:
Publishing Date: 2005-03-01
Features: This book is compiled based on the Chinese version of the "Principles of International Commercial Contracts" published by the International Uniform Private Law Association in 1994, and revised according to the English version of the "Principles" published by the Association in 2004. For the convenience of readers, this book adopts a bilingual (Chinese-English) format. The main purpose of the 2004 edition of the "Principles" is to propose legal solutions to various interests issues arising in the international commercial society. Compared to the 1994 edition, five new chapters have been added, covering agency, third-party rights, offsetting, assignment of rights, assignment of obligations, and assignment of contracts, as well as limitation periods. Additionally, one new provision has been added to both Chapter 1 and Chapter 5, respectively concerning inconsistent acts (Article 1.8) and termination by agreement (Article 5.1.9). The 2004 edition consists of a total of 185 provisions (compared to 120 provisions in the 1994 edition). The Council of the International Uniform Private Law Association is confident that the international legal and commercial society covered by the "Principles" will appreciate its significant value and benefit greatly from its use. In fact, over the past decade, the practical success of the "Principles" has exceeded all expectations. We also hope that the bilingual (Chinese-English) edition of the 2004 edition of the "Principles" will be well-received by legislators, merchants, lawyers, arbitrators, and judges, and will be more widely known and accepted by the world.