UNIDROIT principles of international commercial contracts

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An Indispensable Tool for Cross Border Contracts Since their release in 1994, the UNIDROIT Principles of International Law have become essential for international lawyers, offering a neutral set of rules for commercial contracts. Available in English and translated into 15 languages, they provide over 50 solutions to common contractual issues, balancing civil and common law perspectives. When negotiating contracts across different legal backgrounds, parties may choose the UNIDROIT Principles as a soft law regime or use them as a checklist for drafting cross-border agreements. The United Nations Commission on International Trade Law endorses their use when appropriate, particularly when one party's jurisdiction is rooted in these principles. The UNIDROIT Principles also serve as a source of inspiration for national legislators, influencing legislation in countries like China. In arbitration, parties may agree to apply the UNIDROIT Principles to simplify legal research or to interpret broader legal concepts. The 2016 edition includes article-by-article commentary that analyzes the principles from a practical perspective, addressing changes related to long-term contracts. Eckart Brödermann provides a comparative legal analysis of the UNIDROIT Principles, drawing on his extensive background in both common and civil law. A member of the New York and Hamburg Bars and a Professor of Law, he has actively contributed to the developm