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PRINCIPLES OF INTERNATIONAL COMMERCIAL CONTRACTS

What are the basics of a commercial contract?
Commercial contracts are agreements regulating business relationships between individuals or businesses where they agree to perform some actions or refrain from doing others.
Commercial contracts are usually in writing, but they can also be verbal.
What are the UNIDROIT Principles in international commercial contracts?
The objective of the UNIDROIT Principles is to establish a balanced set of rules designed for use throughout the world irrespective of the legal traditions and the economic and political conditions of the countries in which they are to be applied.
What is commercial contract in international law?
It is generally recognized that the parties, i.e., you and your business partner(s), are free to choose and agree on the terms and conditions in your contract (freedom of contract).
Some of the large international organizations aim to harmonize the substantive rules in international trade and business.
For a contract to be legally binding, and therefore enforceable, it needs to satisfy four principles: offer, acceptance, consideration and the intention to create legal relations.
Consideration requires the exchange of something of value and to make a contract there has to be a clear intention.

What are the basics of a commercial contract?