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6 - Conclusion

Published online by Cambridge University Press:  05 June 2014

Giuditta Cordero-Moss
Affiliation:
Universitetet i Oslo
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Summary

The excursus made in this book was meant to determine the relationship between an international contract and the sources that regulate it. Even if the parties have not thought of any governing law when they drafted the contract, even if they have expressly intended to avoid a certain governing law, even if they have chosen a certain set of transnational rules to govern their transaction, even if they have made use of model contracts that are meant to be used in a variety of jurisdictions – the contract may nevertheless be subject to the mandatory rules, the overriding mandatory rules or the ordre public of state laws that the parties had not taken into consideration or had intended to avoid. Moreover, the contract will be interpreted on the basis of the legal tradition of the applicable law, thus attaching different legal effects to the same wording, depending on the applicable law.

What I have tried to show is that an international contract is not necessarily a phenomenon sui generis, responding to its own logic, and that has to be written and interpreted in a completely different way from a domestic contract. It is, admittedly, a widespread habit to adopt a different style when the contract is international and to draft in accordance with English/US contract models; but this may create more problems than it solves, particularly in connection with the interaction between a common law contract style and a civil law governing law. The practice of writing contracts so that they are supposedly self-sufficient is often the result of a cost–benefit analysis leading to the conscious assumption of the risk that the contract may not be interpreted or applied exclusively on the basis of its terms. The analysis may have shown that it would take more resources to adapt a standardised contract model to the requirements of the local law, than legal proceedings and a possible invalidity or unenforceability of the contract might cost. Sometimes, the practice of writing self-sufficient contracts may be the result of insufficient awareness of the legal framework by the drafters. In either case, there does not seem to be a basis for elevating this practice to a source of law and thus considering the contracts as actually self-sufficient.

Type
Chapter
Information
International Commercial Contracts
Applicable Sources and Enforceability
, pp. 308 - 309
Publisher: Cambridge University Press
Print publication year: 2014

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  • Conclusion
  • Giuditta Cordero-Moss, Universitetet i Oslo
  • Book: International Commercial Contracts
  • Online publication: 05 June 2014
  • Chapter DOI: https://doi.org/10.1017/CBO9781139248815.008
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  • Conclusion
  • Giuditta Cordero-Moss, Universitetet i Oslo
  • Book: International Commercial Contracts
  • Online publication: 05 June 2014
  • Chapter DOI: https://doi.org/10.1017/CBO9781139248815.008
Available formats
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Save book to Google Drive

To save content items to your account, please confirm that you agree to abide by our usage policies. If this is the first time you use this feature, you will be asked to authorise Cambridge Core to connect with your account. Find out more about saving content to Google Drive.

  • Conclusion
  • Giuditta Cordero-Moss, Universitetet i Oslo
  • Book: International Commercial Contracts
  • Online publication: 05 June 2014
  • Chapter DOI: https://doi.org/10.1017/CBO9781139248815.008
Available formats
×