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Bibliographische Detailangaben
Titel:UNIDROIT principles of International Commercial Contracts
an article-by-article commentary
Von: Eckart J. Brödermann
Person: Brödermann, Eckart
1958-
Verfasser
aut
Hauptverfasser: Brödermann, Eckart 1958- (VerfasserIn)
Format: Buch
Sprache:Englisch
Veröffentlicht: Baden-Baden Nomos 2023
Ausgabe:Second edition
Schlagworte:
International Institute for the Unification of Private Law > Unidroit principles of international commercial contracts
Internationales Wirtschaftsrecht
Internationale Schiedsgerichtsbarkeit
PICC
Schiedsregeln
Arbitration
International Institute for the Unification of Private Law
Trade Law
Commercial Law
Harmonisierung des Zivilrechts
Principles of Transnational Civil Procedure
Rules of private Law
UNIDROIT
International Commercial Contracts
Internationales Handelsrecht
Internationales Vertragsrecht
Wirtschaftsrecht
Kommentar
Online-Zugang:http://deposit.dnb.de/cgi-bin/dokserv?id=5be0e75085834a3598fd7ad39f7577cb&prov=M&dok_var=1&dok_ext=htm
http://bvbr.bib-bvb.de:8991/F?func=service&doc_library=BVB01&local_base=BVB01&doc_number=034162563&sequence=000001&line_number=0001&func_code=DB_RECORDS&service_type=MEDIA
Beschreibung:CLIII, 676 Seiten 22.7 cm x 15.3 cm
ISBN:9783756002436
Internformat

MARC

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Datensatz im Suchindex

_version_ 1828141439592169472
adam_text SUMMARY OF CONTENTS FOREWORD TO THE 2ND EDITION BY THE AUTHOR VII PREFACE TO THE 1ST EDITION 2018 BY THE CHAIRMAN OF THE WORKING GROUP XIII THANK YOU XV ABBREVIATIONS LV DEFINITIONS IN THE U NIDROIT PRINCIPLES LVIII GLOSSARY OF LATIN TERMS LIX GLOSSARY OF FRENCH TERMS LXII RELEVANT SUPPLEMENTARY SOFT LAW & DOCUMENTS LXIII MATERIALS: PREPARATORY WORK OF U NIDROIT (LEGISLATIVE HISTORY) LXIV BIBLIOGRAPHY CIV RELEVANT WEBSITES CXIII WORKING GROUPS CXIV U NIDROIT PRINCIPLES OF INTERNATIONAL COMMERCIAL CONTRACTS 2016 CXXI TABLE OF CORRESPONDENCE OF THE ARTICLES OF THE 1994, 2004, 2010 AND 2016 EDITIONS OF THE U NIDROIT PRINCIPLES CXLVII INTRODUCTION TO THE U NIDROIT PRINCIPLES OF INTERNATIONAL COMMERCIAL CONTRACTS ( " PICC " ) 1 PREAMBLE (PURPOSE OF THE PRINCIPLES) ANNEX TO PREAMBLE - U NIDROIT PRINCIPLES AS GENERAL PRINCIPLES OF INTERNATIONAL COMMERCIAL CONTRACT LAW 25 41 CHAPTER 1 GENERAL PROVISIONS 75 CHAPTER 2 FORMATION AND AUTHORITY OF AGENTS 103 SECTION 1 FORMATION SECTION 2 AUTHORITY OF AGENTS 103 145 XVII CHAPTER 3 VALIDITY 163 SECTION 1 SECTION 2 SECTION 3 GENERAL PROVISIONS 163 GROUNDS FOR AVOIDANCE 168 ILLEGALITY 197 CHAPTER 4 INTERPRETATION 207 CHAPTER 5 CONTENT, THIRD PARTY RIGHTS AND CONDITIONS 227 SECTION 1 SECTION 2 SECTION 3 CONTENT 227 THIRD PARTY RIGHTS 260 CONDITIONS 268 CHAPTER 6 PERFORMANCE 281 SECTION 1 SECTION 2 PERFORMANCE IN GENERAL 281 HARDSHIP 313 CHAPTER 7 NON-PERFORMANCE 325 SECTION 1 SECTION 2 SECTION 3 SECTION 4 NON-PERFORMANCE IN GENERAL 331 RIGHT TO PERFORMANCE 363 TERMINATION 383 DAMAGES 415 CHAPTER 8 SET-OFF 453 CHAPTER 9 ASSIGNMENT OF RIGHTS, TRANSFER OF OBLIGATIONS, ASSIGNMENT OF CONTRACTS 479 SECTION 1 SECTION 2 SECTION 3 ASSIGNMENT OF RIGHTS 481 TRANSFER OF OBLIGATIONS 52 1 ASSIGNMENT OF CONTRACTS 537 XVIII CHAPTER 10 LIMITATION PERIODS 551 CHAPTER 11 PLURALITY OF OBLIGORS AND OF OBLIGEES 587 SECTION 1 PLURALITY OF OBLIGORS SECTION 2 PLURALITY OF OBLIGEES 589 625 INDEX 647 XIX TABLE OF CONTENTS FOREWORD TO THE 2ND EDITION BY THE AUTHOR _ VII PREFACE TO THE 1ST EDITION 2018 BY THE CHAIRMAN OF THE WORKING GROUP XIII THANK YOU XV ABBREVIATIONS LV DEFINITIONS IN THE U NIDROIT PRINCIPLES LVIII GLOSSARY OF LATIN TERMS LIX GLOSSARY OF FRENCH TERMS LXII RELEVANT SUPPLEMENTARY SOFT LAW & DOCUMENTS LXIII MATERIALS: PREPARATORY WORK OF U NIDROIT (LEGISLATIVE HISTORY) LXIV BIBLIOGRAPHY CIV RELEVANT WEBSITES CXIII WORKING GROUPS CXIV U NIDROIT PRINCIPLES OF INTERNATIONAL COMMERCIAL CONTRACTS 2016 CXXI TABLE OF CORRESPONDENCE OF THE ARTICLES OF THE 1994, 2004, 2010 AND 2016 EDITIONS OF THE U NIDROIT PRINCIPLES CXLVII INTRODUCTION TO THE U NIDROIT PRINCIPLES OF INTERNATIONAL COMMERCIAL CONTRACTS ("PICC") 1 A. A WAKE-UP CALL 1 B. CONCEPTION 5 C. A PRACTITIONER ' S PERSPECTIVE 8 D. WORDING OF THE CHOICE OF THE UNIDROIT PRINCIPLES CLAUSE 11 E. CROSS-CULTURAL BACKGROUND 14 F. TWELVE AND MORE LANGUAGES 16 G. STRUCTURE 17 H. INTERPRETATION AND CASE LAW 17 I. LIMITS OF THE UNIDROIT PRINCIPLES 18 J. A GENERAL NOTE OF CAUTION ON CONTRACT PERCEPTION 19 K. ON THIS PICC-COMMENTARY: BACKGROUND, GOALS, LANGUAGE, METHOD AND MATERIALS 19 1. BACKGROUND 19 2. GOALS 20 XXI 3. LANGUAGE 21 4. METHOD AND MATERIALS 21 L. BURDEN OF PROOF 23 M. A RECOMMENDATION AND AN INVITATION 23 PREAMBLE (PURPOSE OF THE PRINCIPLES) 25 A. PURPOSES DEFINED IN THE PREAMBLE 25 1. PARA. 1: GENERAL RULES FOR INTERNATIONAL COMMERCIAL CONTRACTS 25 2. PARA. 2: CHOICE OF UNIDROIT PRINCIPLES AS GOVERNING CONTRACTUAL REGIME 26 3. PARA. 3: APPLICATION OF UNIDROIT PRINCIPLES TO SUPPLEMENT A MORE GENERAL CHOICE OF THE PARTIES 29 4. PARA. 4: APPLICATION OF UNIDROIT PRINCIPLES IN THE ABSENCE OF ANY CHOICE OF LAW 30 5. PARA. 5: USE OF UNIDROIT PRINCIPLES TO INTERPRET OR SUPPLEMENT INTERNATIONAL UNIFORM LAW INSTRUMENTS 31 6. PARA. 6: USE OF UNIDROIT PRINCIPLES TO INTERPRET OR SUPPLEMENT DOMESTIC LAW 33 7. PARA. 7: THE UNIDROIT PRINCIPLES AS A MODEL FOR LEGISLATORS 36 B. OTHER PURPOSES 37 1. INCORPORATION 37 2. A TOOL FOR CONTRACT DRAFTING 38 3. A CONTRIBUTION TO HARMONISATION OF PRIVATE CONTRACT LAW 39 ANNEX TO PREAMBLE - U NIDROIT PRINCIPLES AS GENERAL PRINCIPLES OF INTERNATIONAL COMMERCIAL CONTRACT LAW 41 A. INTRODUCTION 41 B. WORDING AND PURPOSE OF THE PREAMBLE 41 C. UNIVERSALLY COMPATIBLE CONTENTS 42 D. A HISTORY OF COMPARATIVE LEGAL RESEARCH AND COMPROMISE 44 E. INTERNATIONAL PRACTICE 45 I. INTERNATIONAL ARBITRATION 45 1. ARBITRAL AWARDS USING THE UNIDROIT PRINCIPLES AS AN EXPRESSION OF GENERAL PRINCIPLES OF CONTRACT LAW 46 2. AN ARBITRAL AWARD USING THE U NIDROIT PRINCIPLES AS ANGLO-SAXON PRINCIPLES OF LAW 51 3. ARBITRAL AWARDS USING THE U NIDROIT PRINCIPLES AS A TOOL TO SUPPLEMENT THE APPLICATION OF INTERNATIONAL UNIFORM LAW INSTRUMENTS 51 4. ARBITRAL AWARDS USING THE U NIDROIT PRINCIPLES AS A TOOL TO CONFIRM OR SUPPLEMENT THE INTERPRETATION OR APPLICATION OF A NATIONAL LAW 52 5. ARBITRAL AWARDS USING U NIDROIT PRINCIPLES AS AN EXPRESSION OF CUSTOMS OR USAGES OF INTERNATIONAL TRADE OR LEX MERCATORIA 55 6. ARBITRAL AWARDS APPLYING THE U NIDROIT PRINCIPLES BY PARTY AGREEMENT 58 II. APPLICATION BY NATIONAL COURTS 58 1. THE U NIDROIT PRINCIPLES AS GENERAL PRINCIPLES OF LAW BEFORE NATIONAL COURTS 59 2. NATIONAL COURTS USING THE U NIDROIT PRINCIPLES TO SUPPLEMENT INTERNATIONAL INSTRUMENTS 60 XXII 3. NATIONAL COURTS USING THE UNIDROIT PRINCIPLES AS A TOOL TO CONFIRM OR SUPPLEMENT THE INTERPRETATION OR APPLICATION OF A NATIONAL LAW 60 F. AN EMERGING OPINIO JURIS 65 I. UNCITRAL RESOLUTIONS 66 II. ENDORSEMENTS BY INTERNATIONAL LAWYERS ' ORGANISATIONS 67 III. ACADEMIC WRITING 68 G. ASSESSMENT 69 H. OPTIONS FOR PRACTITIONERS 70 I. INTERNATIONAL ARBITRATION 70 IL INTERNATIONAL LITIGATION 71 II I. INTERNATIONAL CONTRACTING: USE OF A DESCRIPTIVE CHOICE OF THE UNIDROIT PRINCIPLES CLAUSE EMPHASISING THEIR CHARACTER AS GENERAL PRINCIPLES OF LAW 72 CHAPTER 1 GENERAL PROVISIONS 75 ARTICLE 1.1 (FREEDOM OF CONTRACT) 75 A. THE FIRST OF A SERIES OF FUNDAMENTAL PRINCIPLES 75 B. FREEDOM OF CONTRACT 76 C. LIMITS 77 ARTICLE 1.2 (NO FORM REQUIRED) 77 A. PRINCIPLE OF INFORMALITY 77 B. LIMITS 77 C. OPTIONS 78 ARTICLE 1.3 (BINDING CHARACTER OF CONTRACT) 78 A. PACTA SUNT SERVANDA 78 B. LIMITS 79 C. OPTIONS 79 ARTICLE 1.4 (MANDATORY RULES) 80 A. PRIORITY OF PRIVATE INTERNATIONAL LAW WITH RESPECT TO MANDATORY LAW 80 B. APPLICABILITY OF DIFFERENT KINDS OF MANDATORY LAW DEPENDING ON THE DISPUTE RESOLUTION FORUM 81 1. RESTRICTION OF THE SCOPE OF MANDATORY LAWS IN CASE OF COMBINATION OF THE UNIDROIT PRINCIPLES WITH AN ARBITRATION CLAUSE 81 2. MORE MANDATORY LAW IN CASE OF COMBINATION OF THE UNIDROIT PRINCIPLES WITH A CHOICE OF COURT CLAUSE 83 C. EFFECTS 84 ARTICLE 1.5 (EXCLUSION OR MODIFICATION BY THE PARTIES) 84 A. PARTY AUTONOMY EMPHASISED 84 B. LIMITS OF MANDATORY PRINCIPLES 85 XXIII ARTICLE 1.6 (INTERPRETATION AND SUPPLEMENTATION OF THE PRINCIPLES) 85 A. A MODERN STANDARD RULE ON INTERPRETATION (PARA. 1) 85 1. A GLOBAL APPROACH TO INTERPRETATION 85 2. ON INTERPRETATION 86 B. SUPPLEMENTATION OF THE UNIDROIT PRINCIPLES WITH DUE REGARD TO THE UNDERLYING GENERAL PRINCIPLES (PARA. 2) 87 1. ON SUPPLEMENTATION 87 2. THE UNDERLYING GENERAL PRINCIPLES 88 ARTICLE 1.7 (GOOD FAITH AND FAIR DEALING) 88 A. GOOD FAITH AND FAIR DEALING AS A MANDATORY CORE OF THE UNIDROIT PRINCIPLES PURSUANT TO ART. 1.5 AND 1.6 (2) 89 B. STANDARD AND OPTIONS 91 C. LIMITED PRACTICAL RELEVANCE 92 ARTICLE 1.8 (INCONSISTENT BEHAVIOUR) 94 A. PART OF THE MANDATORY CORE OF THE UNIDROIT PRINCIPLES PURSUANT TO ART. 1.5 94 B. PRIORITY OF MORE DETAILED PRINCIPLES 95 C. EXAMPLES 95 D. REMEDIES: ART. 1.8 AS A SWORD 95 E. OPTIONS 95 ARTICLE 1.9 (USAGES AND PRACTICES) 95 A. TWO KINDS OF USAGES AND A LIMIT 96 B. HIERARCHY 97 C. PROOF AND OPTIONS 97 ARTICLE 1.10 (NOTICE) 97 A. RISK ALLOCATION TO THE SENDER 98 B. ABUSIVE PREVENTION OF GIVING NOTICE 99 C. WITHDRAWAL OF A NOTICE 99 ARTICLEL.IL (DEFINITIONS) 99 A. A FEW KEY DEFINITIONS 100 B. FURTHER DEFINITIONS IN THE UNIDROIT PRINCIPLES 101 ARTICLE 1.12 (COMPUTATION OF TIME SET BY PARTIES) 101 A. IMPACT OF HOLIDAYS ETC. 101 B. RELEVANT TIME ZONE 101 C. OPTIONS AND INTERPRETATION 102 XXIV CHAPTER 2 FORMATION AND AUTHORITY OF AGENTS 103 SECTION 1 FORMATION 103 ARTICLE 2.1.1 (MANNER OF FORMATION) 103 A. BEYOND THE TRADITIONAL APPROACH TO CONTRACT FORMATION 103 1. THE CLASSICAL OFFER-AND ACCEPTANCE TEST 103 2. CONDUCT SUFFICIENT TO SHOW AGREEMENT 104 B. A ' RELAXED ' APPROACH TOWARDS CONTRACT NEGOTIATION 105 C. OPTIONS: FORM 105 D. ' SHAM ' OR ' SIMULATION ' 106 ARTICLE 2.1.2 (DEFINITION OF OFFER) 106 A. SUFFICIENT ' DEFINITENESS ' PLUS ' INTENTION ' 106 B. INTERRELATIONSHIP OF THE TWO CRITERIA 107 ARTICLE 2.1.3 (WITHDRAWAL OF OFFER) 108 A. PARA. 1 IS DECLARATORY 108 B. ANY WITHDRAWAL MUST BE CLEAR 108 ARTICLE 2.1.4 (REVOCATION OF OFFER) 108 A. AN INTERNATIONAL MIDDLE GROUND 108 B. A SELF-EXPLANATORY PRINCIPLE WITH TWO EXCEPTIONS 109 ARTICLE 2.1.5 (REJECTION OF OFFER) 109 A. INTERPRETATION OF POSSIBLY IMPLICIT REJECTIONS 109 B. TERMINATION OF AN OFFER BY OTHER MEANS 110 ARTICLE 2.1.6 (MODE OF ACCEPTANCE) 110 A. FUNCTION AND SYSTEMATIC PLACE OF THE PRINCIPLE 110 B. WHEN DOES THE OFFEREE ' S EXPRESSION OF ASSENT AMOUNT TO ACCEPTANCE? 111 1. THE BASIC PRINCIPLE IN PARA. 1 SENTENCE 1 111 2. CONDUCT WITHOUT NOTICE (PARA. 3) 111 3. POSSIBLE IMPACT OF SILENCE (PARA. 1 SENTENCE 2) 112 C. WHEN DOES THE OFFEREE ' S EXPRESSION OF ASSENT BECOME EFFECTIVE TO ESTABLISH A BINDING CONTRACT? 112 D. OPTIONS 113 ARTICLE 2.1.7 (TIME OF ACCEPTANCE) 113 A. IMPACT OF TIME 113 B. ' ORAL ' OFFER 114 C. RISK ALLOCATION 114 ARTICLE 2.1.8 (ACCEPTANCE WITHIN A FIXED PERIOD OF TIME) 115 A. CALCULATION OF RELATIVE TIME PERIODS 115 B. UNCERTAINTY OF TIME OF DISPATCH 115 XXV ARTICLE 2.1.9 (LATE ACCEPTANCE. DELAY IN TRANSMISSION) 116 A. PRINCIPLE (PARA. 1) 116 B. EXCEPTION (PARA. 2) 117 ARTICLE 2.1.10 (WITHDRAWAL OF ACCEPTANCE) 117 A SELF-EXPLANATORY ADDENDUM TO 2.1.6(2) 117 ARTICLE 2.1.11 (MODIFIED ACCEPTANCE) 118 A. MODIFICATIONS IN THE ACCEPTANCE NOTICE GENERATE A COUNTER-OFFER 118 B. BUT NON-MATERIAL ALTERATIONS GENERATE A DUTY ON THE OFFEROR TO SPEAK UP 118 C. OPTIONS FOR THE OFFEROR 120 D. SPECIAL RULE FOR STANDARD TERMS 120 ARTICLE 2.1.12 (WRITINGS IN CONFIRMATION) 120 A. EXCEPTION: CHANGES CONTAINED IN WRITTEN ' CONFIRMATIONS OF THE CONTRACT ' MIGHT ALTER A CONTRACT 120 B. BURDEN OF PROOF AND TEST 121 C. AN INTERNATIONAL COMPROMISE 122 D. OPTIONS 122 ARTICLE 2.1.13 (CONCLUSION OF CONTRACT DEPENDENT ON AGREEMENT ON SPECIFIC MATTERS OR IN A PARTICULAR FORM) 122 A. FREEDOM TO INSIST ON SUBSTANTIVE OR FORMAL SPECIFICS 122 B. WAIVER 123 ARTICLE 2.1.14 (CONTRACT WITH TERMS DELIBERATELY LEFT OPEN) 123 A. POSSIBLE CONTRACT CONCLUSION DESPITE A TERM DELIBERATELY LEFT OPEN 123 B. THREE REQUIREMENTS FOR CONTRACT CONCLUSION 124 C. THREE CONTRACTUAL OPTIONS (PARA. 1) 125 D. ALTERNATIVE MEANS (PARA. 2) 125 1. ALTERNATIVE MEANS CONTAINED IN THE U NIDROIT PRINCIPLES 125 2. SPECIAL CIRCUMSTANCES (LONG-TERM CONTRACTS) 126 3. CONTRACTUAL OPTIONS 126 4. ARBITRATION 126 ARTICLE 2.1.15 (NEGOTIATIONS IN BAD FAITH) 127 A. AVOIDING A CULTURAL CLASH, FUNCTIONS OF ART. 2.1.15 127 B. BAD FAITH EXAMPLES 129 C. DAMAGE CALCULATION, BURDEN OF PROOF 130 D. OPTIONS 130 ARTICLE 2.1.16 (DUTY OF CONFIDENTIALITY) 131 A. IMPLIED OR EXPRESS DUTY OF CONFIDENTIALITY (SENTENCE 1) 131 B. REMEDIES (SENTENCE 2) 132 XXVI ARTICLE 2.1.17 (MERGER CLAUSES) 132 A. ANOTHER CONTRIBUTION TO CROSS CULTURAL UNDERSTANDING 133 B. LIMITS 133 ARTICLE 2.1.18 (MODIFICATION IN A PARTICULAR FORM) 134 A. ' NO ORAL MODIFICATIONS ' CLAUSES 134 B. LIMITS 135 C. OPTIONS 135 ARTICLE 2.1.19 (CONTRACTING UNDER STANDARD TERMS) 135 A. A STRAIGHTFORWARD REGIME ON STANDARD TERMS IN FOUR ARTICLES 136 B. DEFINITION (PARA. 2) 136 C. INCORPORATION (PARA. 1) 137 ARTICLE 2.1.20 (SURPRISING TERMS) 139 A. SAFEGUARD OF BASIC FAIRNESS 139 B. TEST 139 ARTICLE 2.1.21 (CONFLICT BETWEEN STANDARD TERMS AND NON-STANDARD TERMS) 141 PRIORITY OF THE INDIVIDUAL TERM 141 ARTICLE 2.1.22 (BATTLE OF FORMS) 141 A. A FAVOR CONTRACTUS APPROACH TO COMPETING STANDARD TERMS 141 B. LIMITS 143 C. FILLING THE GAPS 143 D. OPTIONS IN VIEW OF PARAMOUNT PRACTICAL IMPORTANCE OF THE ISSUE 143 SECTION 2 AUTHORITY OF AGENTS 145 ARTICLE 2.2.1 (SCOPE OF THE SECTION) 145 A. ONLY AGENCY IN THE CONTRACT FORMATION PROCESS 145 B. LARGE CONCEPT OF AGENCY 147 ARTICLE 2.2.2 (ESTABLISHMENT AND SCOPE OF THE AUTHORITY OF THE AGENT) 147 A. AUTHORITY GRANTED BY THE PRINCIPAL (PARA. 1) 147 B. INCIDENTAL AUTHORITY (PARA. 2) 148 ARTICLE 2.2.3 (AGENCY DISCLOSED) 148 A. ' ACTUAL DISCLOSED AGENCY ' 148 B. ' CLASSICAL ' CONSEQUENCES 149 C. ' INDIRECT ' OR ' COMMISSION AGENCY ' 149 ARTICLE 2.2.4 (AGENCY UNDISCLOSED) 149 A. ANOTHER COMPROMISE 150 B. ONLY A RELATION WITH THE ' AGENT ' 150 XXVII C. ONE NARROW EXCEPTION (PARA. 2) 151 D. OPTION FOR THE PRINCIPAL 151 ARTICLE 2.2.5 (AGENT ACTING WITHOUT OR EXCEEDING ITS AUTHORITY) 151 A. PRINCIPLE: NO DIRECT LEGAL CONSEQUENCE FOR THE PRINCIPAL (PARA. 1) 152 B. EXCEPTION BY THE PRINCIPAL ' S OWN ACTION (PARA. 2) 152 C. OPTIONS 153 D. CHERRY PICKING UNDER OVERRIDING MANDATORY NON-CONTRACTUAL LAW 153 ARTICLE 2.2.6 (LIABILITY OF AGENT ACTING WITHOUT OR EXCEEDING ITS AUTHORITY) 154 A. STRICT LIABILITY (PARA. 1) 154 B. DEFENCES (INCL. PARA. 2) 155 ARTICLE 2.2.7 (CONFLICT OF INTERESTS) 155 A. COPING WITH A RANGE OF CONFLICTS (PARA. 1 SENTENCE 1) 156 B. DISTINCTION TO EXCESS OF AUTHORITY CASES 156 C. LEGAL CONSEQUENCES AND OPTIONS: AVOIDANCE OR CONFIRMATION 157 D. AVOIDANCE EXCLUDED (PARA. 2) 157 E. APPLICABILITY BEYOND CONTRACT CONCLUSION 157 ARTICLE 2.2.8 (SUB-AGENCY) 157 A. SUB-AGENCY WHEN ' REASONABLE ' 158 B. DETAILS AND LEGAL CONSEQUENCES 158 ARTICLE 2.2.9 (RATIFICATION) 159 A. RATIFICATION WITH RETROACTIVE EFFECT (PARA. 1) 159 B. TIMING; A FIRST OPTION FOR THIRD PARTY (PARA. 2) 160 C. A SECOND OPTION: ESCAPE CLAUSE FOR THE THIRD PARTY (PARA. 3) 160 ARTICLE 2.2.10 (TERMINATION OF AUTHORITY) 160 A. A CLARIFICATION 161 B. SOME SUBSISTING ACTUAL AUTHORITY 161 CHAPTER 3 VALIDITY 163 SECTION 1 GENERAL PROVISIONS 163 ARTICLE 3.1.1 (MATTERS NOT COVERED) 163 A. A SELF-EXPLANATORY DISTINCTION 163 B. PRACTICAL CONSEQUENCES 164 ARTICLE 3.1.2 (VALIDITY OF MERE AGREEMENT) 164 A. MERELY CONSENSUAL CONTRACTS 164 B. LIMITS 165 XXVIII ARTICLE 3.1.3 (INITIAL IMPOSSIBILITY) 165 A. A COMPROMISE FOLLOWING THE CISG 165 B. LEGAL CONSEQUENCES: CLAIM FOR DAMAGES 166 ARTICLE 3.1.4 (MANDATORY CHARACTER OF THE PROVISIONS) 166 A. PART OF THE MANDATORY CORE OF UNIDROIT PRINCIPLES PURSUANT TO ART. 1.5 166 B. LIMITS 167 1. BY CONTRACT 167 2. BY LAW 168 SECTION 2 GROUNDS FOR AVOIDANCE 168 ARTICLE 3.2.1 (DEFINITION OF MISTAKE) 168 A. A BROAD CONCEPT OF MISTAKE . 168 B. . WITH NUMEROUS BOUNDARIES (TEST SCHEME) 169 C. LEGAL CONSEQUENCES AND OPTIONS 170 ARTICLE 3.2.2 (RELEVANT MISTAKE) 170 A. TWO-PRONG ' REASONABLENESS-TEST ' (PARA. 1) 171 B. EXCEPTION FOR GROSS NEGLIGENCE AND ASSUMED OR ALLOCATED RISKS (PARA. 2) 172 C. LEGAL CONSEQUENCES 173 ARTICLE 3.2.3 (ERROR IN EXPRESSION OR TRANSMISSION) 173 A. ERRORS IN EXPRESSION OR TRANSMISSION AS MISTAKES 173 B. LEGAL CONSEQUENCES 174 ARTICLE 3.2.4 (REMEDIES FOR NON-PERFORMANCE) 174 A. REMEDIES FOR NON-PERFORMANCE TRUMP AVOIDANCE 175 B. LEGAL CONSEQUENCES 175 ARTICLE 3.2.5 (FRAUD) 175 A. INTENDED LEADING INTO ERROR AND THEREBY GAINING AN ADVANTAGE 176 B. LEGAL CONSEQUENCES AND OPTION 177 ARTICLE 3.2.6 (THREAT) 177 A. TWO KINDS OF UNJUSTIFIED THREATS 178 B. LEGAL CONSEQUENCES 179 ARTICLE 3.2.7 (GROSS DISPARITY) 180 A. AVOIDANCE IN CASE OF EXCESSIVE ADVANTAGE 180 B. LEGAL CONSEQUENCES 181 1. THE ' TRIPLET ' OF CONSEQUENCES (AVOIDANCE, RESTITUTION AND RELIANCE DAMAGES) 181 2. ALTERNATIVE OPTION OF ADAPTATION 182 C. LIQUIDATED DAMAGES AND PENALTY CLAUSES 182 XXIX ARTICLE 3.2.8 (THIRD PERSONS) 182 A. THIRD PARTY FROM THE SPHERE OF A CONTRACTING PARTY 182 B. AVOIDANCE EVEN WITHOUT ' RESPONSIBILITY ' IF THE OTHER PARTY NEEDS NO PROTECTION 183 C. LEGAL CONSEQUENCES 184 ARTICLE 3.2.9 (CONFIRMATION) 184 A. A LOGICAL CONSEQUENCE OF FREEDOM OF CONTRACT (AND OF THE GOOD FAITH PRINCIPLE) 185 B. CONFIRMATION REQUIRES . 185 ARTICLE 3.2.10 (LOSS OF RIGHT TO AVOID) 185 A. FUNCTION: PART OF THE REGIME FOR MISTAKES 186 B. RIGHT OF THE OTHER PARTY TO UPHOLD THE CONTRACT IN AN AMENDED VERSION 186 C. REQUIREMENTS 186 ARTICLE 3.2.11 (NOTICE OF AVOIDANCE) 187 A. AVOIDING A CULTURAL CLASH 187 B. REQUIREMENT 187 ARTICLE 3.2.12 (TIME LIMITS) 188 A. A ' REASONABLE ' TIME LIMIT 188 B. A SPECIAL RULE FOR AVOIDANCE OF INDIVIDUAL TERMS 189 ARTICLE 3.2.13 (PARTIAL AVOIDANCE) 189 ARTICLE 3.2.14 (RETROACTIVE EFFECT OF AVOIDANCE) 190 A. RETROACTIVITY 190 B. LIMITS 190 ARTICLE 3.2.15 (RESTITUTION) 191 A. PRINCIPLE OF CONCURRENT RESTITUTION IN KIND (PARA. 1) 191 B. ' IMPOSSIBLE ' OR ' INAPPROPRIATE ' RESTITUTION IN KIND (PARA. 2-3) 192 1. FIRST STEP: DETERMINATION OF ' IMPOSSIBLE ' OR ' INAPPROPRIATE ' RESTITUTION IN KIND 192 2. SECOND STEP: DETERMINATION OF AN ALLOWANCE IN MONEY ' WHENEVER REASONABLE ' 193 C. COMPENSATION FOR EXPENSES (PARA. 4) 194 D. APPLICATION OF GENERAL RULES 194 E. CONTRACTUAL OPTIONS 195 F. LIMITS OF THE RESTITUTION REGIME 195 ARTICLE 3.2.16 (DAMAGES) 195 A. COMPENSATION OF THE ' RELIANCE INTEREST ' 196 B. SUPPLEMENTAL APPLICATION OF GENERAL RULES ON DAMAGES 196 XXX ARTICLE 3.2.17 (UNILATERAL DECLARATIONS) 197 VALIDITY RULES APPLY MUTATIS MUTANDIS TO ALL COMMUNICATIONS OF INTENTION 197 SECTION 3 ILLEGALITY 197 ARTICLE 3.3.1 (CONTRACTS INFRINGING MANDATORY RULES) 197 A. THE SECOND LEG TO ART. 1.4 198 B. PRIORITY OF EFFECTS PROVIDED FOR IN THE MANDATORY RULE (PARA. 1) 200 1. KINDS OF INFRINGEMENT 200 2. CONSEQUENCES PROVIDED FOR IN THE APPLICABLE MANDATORY RULES 201 C. THE SUPPLEMENTARY REGIME OF PARA. 2-3 201 ARTICLE 3.3.2 (RESTITUTION) 204 A. ART. 3.3.1 (1) TRUMPS ART. 3.3.2 204 B. A REASONABLENESS TEST FOR RESTITUTION 205 C. APPLICATION OF ART. 3.2.15 206 CHAPTER 4 INTERPRETATION 207 INTRODUCTION TO CHAPTER 4 207 A. CHAPTER 4: ONE OF THE MOST IMPORTANT CHAPTERS OF THE UNIDROIT PRINCIPLES 207 B. OVERCOMING NATIONAL DISTINCTIONS 208 C. STRUCTURE 209 D. AN IMPORTANT TEMPLATE 210 ARTICLE 4.1 (INTENTION OF THE PARTIES) 210 A. STEP 1: DETERMINATION OF A JOINT INTENTION, IF POSSIBLE (PARA. 1) 210 B. STEP 2 IN CASE OF DEFAULT: INTERPRETATION UNDER AN INDIVIDUALISED AND CONTEXTUALISED ' REASONABLE PERSON ' TEST (PARA. 2) 212 ARTICLE 4.2 (INTERPRETATION OF STATEMENTS AND OTHER CONDUCT) 213 A. A RULE WHICH IS OFTEN INCORPORATED IMPLICITLY 213 B. AGAIN A TWO STEP APPROACH TO INTERPRETATION 214 ARTICLE 4.3 (RELEVANT CIRCUMSTANCES) 215 A. TWO GROUPS OF CRITERIA 215 B. . WHICH ARE NON-EXHAUSTIVE 216 C. LONG-TERM CONTRACTS 217 D. OPTIONS 218 ARTICLE 4.4 (REFERENCE TO CONTRACT OR STATEMENT AS A WHOLE) 218 A. A SUPPLEMENT TO ART. 4.3: REFERENCE TO THE (CONTRACTUAL) CONTEXT OF THE TERM TO BE INTERPRETED 218 B. THE ROLE OF ART. 4.3 IN APPLYING ART. 4.4 219 XXXI ARTICLE 4.5 (ALL TERMS TO BE GIVEN EFFECT) 220 A. AVOIDING TO DEPRIVE ANY CLAUSE OF AN EFFECT 220 B. STANDARD TERMS (ART. 2.1.19 (2)) 220 ARTICLE 4.6 (CONTRA PROFERENTEM RULE) 221 INTERPRETATION AGAINST THE SUPPLIER, AS A RULE OF LAST RESORT 221 ARTICLE 4.7 (LINGUISTIC DISCREPANCIES) 222 A. A DEFAULT RULE TO A MISSING OR TO AN EXTREME EQUAL LANGUAGE CLAUSE 222 B. OPTIONS 223 ARTICLE 4.8 (SUPPLYING AN OMITTED TERM) 224 A. AT THE EDGE OF ' INTERPRETATION ' 224 B. RELATIONSHIP TO ' INTERPRETATION ' 225 C. RELATIONSHIP TO ART. 5.1.1-5.1.2 225 CHAPTER 5 CONTENT, THIRD PARTY RIGHTS AND CONDITIONS 227 SECTION 1 CONTENT 227 ARTICLE 5.1.1 (EXPRESS AND IMPLIED OBLIGATIONS) 227 A. A CULTURAL BRIDGE TO COMMON LAW 227 B. THE ARBITRATOR ' S PERSPECTIVE 228 ARTICLE 5.1.2 (IMPLIED OBLIGATIONS) 229 LIST OF CRITERIA 229 ARTICLE 5.1.3 (CO-OPERATION BETWEEN THE PARTIES) 229 A. CONSEQUENCE OF A ' COMMON PROJECT ' 230 B. LIMITS 231 C. LEGAL CONSEQUENCE OF A VIOLATION 232 D. CONTRACTUAL OPTIONS 232 ARTICLE 5.1.4 (DUTY TO ACHIEVE A SPECIFIC RESULT. DUTY OF BEST EFFORTS) 233 A. A CULTURAL BRIDGE TO THE FRENCH LAW FAMILY 233 B. LEGAL CONSEQUENCES 233 C. LIMITATION OF LIABILITY (CONTRACTUAL OPTION) 234 ARTICLE 5.1.5 (DETERMINATION OF KIND OF DUTY INVOLVED) 23 5 ASSISTANCE IN THE CLASSIFICATION OF AN OBLIGATION 235 ARTICLE 5.1.6 (DETERMINATION OF QUALITY OF PERFORMANCE) 235 A. A SYSTEM OF DEFAULT RULES 235 B. AN AUTONOMOUS STANDARD CHARACTERISED BY ' REASONABLENESS ' 236 XXXII C. LIMITS 237 D. OPTIONS 237 ARTICLE 5.1.7 (PRICE DETERMINATION) 238 A. PART OF A SYSTEM OF DEFAULT RULES 238 B. GENERAL DEFAULT RULE (PARA. 1), CONTRACTUAL OPTION 239 C. SPECIFIC DEFAULT RULES (PARA. 3-4) 240 1. PARAGRAPH 3 (NON PERFORMANCE OF A PRICE DETERMINATION) 240 2. PARAGRAPH 4 (NON EXISTING FACTORS) 241 D. A MANDATORY BOUNDARY TO UNREASONABLE UNILATERAL PRICE DETERMINATION (PARA. 2) 241 1. THE RULE 241 2. CONTRACTUAL OPTIONS 242 E. UNREASONABLE PRICE DETERMINATION BY A THIRD PARTY (PARA. 3), CONTRACTUAL OPTION 242 ARTICLE 5.1.8 (TERMINATION OF A CONTRACT FOR AN INDEFINITE PERIOD) 243 A. CONTRACTS FOR AN INDEFINITE PERIOD OF TIME 243 B. FUNCTION OF ART. 5.1.8 243 C. REASONABLE TIME IN ADVANCE 245 D. LEGAL CONSEQUENCES 246 E. CONTRACTUAL OPTIONS 246 ARTICLE 5.1.9 (RELEASE BY AGREEMENT) 246 A. A CLARIFICATION TO AVOID CULTURAL MISUNDERSTANDING 246 B. ACTION REQUIRED; SILENCE CAN CONSTITUTE CONSENT 247 C. DISTINCTION 247 ANNEX TO SECTION 5.1 - U NIDROIT PRINCIPLES FOR SPECIFIC KINDS OF CONTRACTS (SALES, SERVICES, CONSTRUCTION) U NIDROIT 247 A. PARTY AUTONOMY 247 B. CONTRACTS OF SALE (CHECKLIST) 248 C. SERVICE CONTRACTS (CHECKLIST) 255 D. CONSTRUCTION CONTRACTS 259 SECTION 2 THIRD PARTY RIGHTS 260 INTRODUCTION TO SECTION 5.2 260 ARTICLE 5.2.1 (CONTRACTS IN FAVOUR OF THIRD PARTIES) 261 A. CONCENTRATION ON CONTRACTS IN FAVOUR OF THIRD PARTIES (PARA. 1) 261 B. SHAPING THE CONTENT (PARA. 2) 263 ARTICLE 5.2.2 (THIRD PARTY IDENTIFIABLE) 264 A. INVALIDITY IN CASE OF IMPOSSIBILITY OF IDENTIFICATION 264 B. FUTURE BENEFICIARIES 264 XXXIII ARTICLE 5.2.3 (EXCLUSION AND LIMITATION CLAUSES) 265 A. FUNCTION OF ART. 5.2.3-5.2.5 265 B. A ' SHIELD ' TO THE BENEFICIARY 265 ARTICLE 5.2.4 (DEFENCES) 266 A SHIELD ' TO THE PROMISOR 266 ARTICLE 5.2.5 (REVOCATION) 266 A. MODIFICATION OR REVOCATION 266 B. LIMITS 267 C. OPTIONS 267 ARTICLE 5.2.6 (RENUNCIATION) 267 RIGHT OF REFUSAL 268 SECTION 3 CONDITIONS 268 ARTICLE 5.3.1 (TYPES OF CONDITION) 269 A. FUNCTION 269 B. TYPES 270 C. DISTINCTIONS 271 D. OPTION 272 ARTICLE 5.3.2 (EFFECT OF CONDITIONS) 273 A. A SYSTEM OF DEFAULT RULES 273 B. SUSPENSIVE CONDITION (LIT. A): SPECIAL CHARACTERISTICS 273 C. RESOLUTIVE CONDITION (LIT. B): SPECIAL CHARACTERISTICS 274 D. JOINT FEATURES 274 E. OPTIONS 275 ARTICLE 5.3.3 (INTERFERENCE WITH CONDITIONS) 275 A. THE WATCH-DOG FOR THE CONDITION 276 B. THE DEVIL LIES IN THE DETAIL 276 ARTICLE 5.3.4 (DUTY TO PRESERVE RIGHTS) 278 A. THE WATCH-DOG FOR THE CONDITIONED RIGHT 278 B. OPTIONS 279 ARTICLE 5.3.5 (RESTITUTION IN CASE OF FULFILMENT OF A RESOLUTIVE CONDITION) 279 A. DETAILS ON THE EFFECTS OF RESOLUTIVE CONDITIONS 279 B. OPTIONAL: A RULE OF RELEVANCE IF PARTIES CHOSE RETROACTIVITY 279 XXXIV CHAPTER 6 PERFORMANCE 281 SECTION 1 PERFORMANCE IN GENERAL 281 INTRODUCTION TO SECTION 6.1 281 ARTICLE 6.1.1 (TIME OF PERFORMANCE) 282 A. NOTION OF AND RESTRICTIONS ON PERFORMANCE 282 B. A ' FIXED ' TIME OR PERIOD OF TIME 283 C. A REASONABLENESS-TEST AS DEFAULT RULE 284 D. OPTION: SPECIAL EXEMPTION CLAUSE FOR DELAY 285 ARTICLE 6.1.2 (PERFORMANCE AT ONE TIME OR IN INSTALMENTS) 285 PARTIAL PERFORMANCE IS PRINCIPALLY NON-PERFORMANCE 285 ARTICLE 6.1.3 (PARTIAL PERFORMANCE) 286 A. PROTECTION OF THE OBLIGEE AGAINST IMPOSED PARTIAL PERFORMANCE OF THE OBLIGOR 286 B. LIMITS 287 C. FURTHER OPTIONS FOR THE OBLIGEE IF PARTIAL PERFORMANCE AMOUNTS TO NON PERFORMANCE 288 ARTICLE 6.1.4 (ORDER OF PERFORMANCE) 288 A. PRINCIPLE OF SIMULTANEOUS PERFORMANCE 288 B. LIMITS 289 ARTICLE 6.1.5 (EARLIER PERFORMANCE) 290 A. PROTECTION OF THE OBLIGEE AGAINST EARLIER PERFORMANCE 290 B. THE GOOD FAITH EXCEPTION; ADDITIONAL COSTS 291 C. OTHER REMEDIES 292 ARTICLE 6.1.6 (PLACE OF PERFORMANCE) 292 A. EXPECTATION MANAGEMENT 292 B. DEFAULT RULE FAVOURING THE OBLIGOR . 294 C. . EXCEPT FOR MONETARY OBLIGATIONS 294 D. CHANGE OF PLACE OF BUSINESS 295 ARTICLE 6.1.7 (PAYMENT BY CHEQUE OR OTHER INSTRUMENT) 295 A. CORE PRINCIPLES ON PAYMENT 295 B. A CHOICE OF THE OBLIGOR 296 C. PROTECTION OF THE OBLIGEE IN CASE OF ' PULL-ORDERS ' 297 ARTICLE 6.1.8 (PAYMENT BY FUNDS TRANSFER) 297 A. A REGIME FOR PUSH-ORDERS 297 B. OPTIONS OF THE OBLIGOR AS CONTROLLED BY THE OBLIGEE 298 C. MOMENT OF DISCHARGE OF THE OBLIGOR 298 XXXV ARTICLE 6.1.9 (CURRENCY OF PAYMENT) 299 A. TWO ARTICLES ON CURRENCY ISSUES 299 B. IMPORTANCE OF THE PLACE OF PAYMENT 300 C. SOME PROTECTION OF THE OBLIGEE AGAINST CURRENCY FLUCTUATION 301 ARTICLE 6.1.10 (CURRENCY NOT EXPRESSED) 301 A. CURRENCY OF PLACE OF PAYMENT AS A DEFAULT RULE 301 B. LIMITS 302 ARTICLE 6.1.11 (COSTS OF PERFORMANCE) 302 EACH PARTY BEARS ITS OWN COSTS AS A DEFAULT RULE 302 ARTICLE 6.1.12 (IMPUTATION OF PAYMENTS) 303 A. A BALANCED INTERNATIONAL COMPROMISE 304 B. A THREE-LAYERED ORDER OF DECISION 304 1. LAYER 1: DECISION OF THE OBLIGOR (PARA. 1) 304 2. LAYER 2: DECISION OF THE OBLIGEE (PARA. 2) 305 3. LAYER 3: DEFAULT SYSTEM OF PARA. 3 305 C. LIMITS 306 ARTICLE 6.1.13 (IMPUTATION OF NON-MONETARY OBLIGATIONS) 306 EXTENSION TO NON-MONETARY OBLIGATIONS 306 ARTICLE 6.1.14 (APPLICATION FOR PUBLIC PERMISSION) 307 A. A DEFAULT SYSTEM TO COPE WITH PUBLIC PERMISSION 307 B. DETERMINATION OF THE ' WHO ' 307 ARTICLE 6.1.15 (PROCEDURE IN APPLYING FOR PERMISSION) 308 A. REGULATING THE ' HOW ' 309 B. INFORMATION OF THE OTHER PARTY 309 ARTICLE 6.1.16 (PERMISSION NEITHER GRANTED NOR REFUSED) 310 A. RIGHT AND EFFECT OF TERMINATION IN CASE OF A ' STUCK PROCESS ' 310 B. EXCEPTION: ONLY PART OF THE CONTRACT IS AFFECTED 311 ARTICLE 6.1.17 (PERMISSION REFUSED) 311 A. LEGAL CONSEQUENCES OF A REFUSAL 311 1. A REFUSAL AFFECTING THE VALIDITY OF THE CONTRACT 311 2. A REFUSAL WHICH MERELY RENDERS THE PERFORMANCE IMPOSSIBLE 312 3. USUALLY NO DAMAGES 312 B. PERMISSION WITH EXTREMELY BURDENSOME CONDITIONS 312 XXXVI SECTION 2 HARDSHIP 313 INTRODUCTION TO HARDSHIP 313 ARTICLE 6.2.1 (CONTRACT TO BE OBSERVED) 315 A. INSPIRED BY INTERNATIONAL CONTRACT PRACTICE 315 B. A REMINDER TO PACTA SUNT SERVANDA AS A ' MISSION STATEMENT ' 317 C. OPTION IN CASE OF A DETERIORATING FINANCIAL ABILITY OF THE OBLIGEE 317 ARTICLE 6.2.2 (DEFINITION OF HARDSHIP) 317 A. A FUNDAMENTAL ALTERATION FOR THE EQUILIBRIUM OF THE CONTRACT 318 B. PLUS FOUR FACTORS RELATING TO THE SPHERE OF THE DISADVANTAGED PARTY 319 1. KNOWLEDGE AFTER CONTRACT CONCLUSION (LIT. A) 319 2. ANTICIPATION REASONABLY IMPOSSIBLE (LIT. B) 319 3. BEYOND CONTROL (LIT. C) 319 4. NO RISK ALLOCATION TO THE DISADVANTAGED PARTY (LIT. D) 320 C. CONTRACTUAL OPTIONS (CORONA CLAUSE) 320 ARTICLE 6.2.3 (EFFECTS OF HARDSHIP) 321 A. RENEGOTIATION 321 B. CONTINUED PERFORMANCE OF THE CONTRACT 322 C. APPLICATION BY THE COURT 322 D. CONTRACTUAL OPTIONS (CORONA CLAUSE) 323 CHAPTER 7 NON-PERFORMANCE 325 INTRODUCTION TO CHAPTER 7 325 A. OVERVIEW 325 B. A CONCEPT BASED ON ' SPHERES ' , NOT ON FAULT 326 C. SIX KINDS OF RIGHTS AND REMEDIES IN FOUR SECTIONS, WITH LIMITATIONS AND EXCLUSIONS 326 D. OFTEN A CHOICE BETWEEN SEVERAL OPTIONS 327 E. OPTIONS AT THE CONTRACT DRAFTING STAGE 328 F. A NOTE ON COMPARATIVE LAW 329 SECTION 1 NON-PERFORMANCE IN GENERAL 331 ARTICLE 7.1.1 (NON-PERFORMANCE DEFINED) 332 A. A UNITARY CONCEPT . 332 B. . BASED ON ' SPHERES ' AS DEFINED IN THE CONTRACT, NOT ON FAULT 332 C. IMPACT ON CONTRACT DRAFTING 333 ARTICLE 7.1.2 (INTERFERENCE BY THE OTHER PARTY) 333 A. A SHIELD FOR THE OBLIGOR 333 B. PARTIAL RELEVANCE OF THE INTERFERENCE 335 C. MOST RELEVANT FOR DUTIES TO ACHIEVE A SPECIFIC RESULT 335 XXXVII ARTICLE 7.1.3 (WITHHOLDING PERFORMANCE) 335 A. A SHIELD FOR BOTH PARTIES BASED ON TIMING 336 B. REQUIREMENTS 337 1. NON-PERFORMANCE OF THE OTHER PARTY OF AN OBLIGATION WITH SUFFICIENT CONNECTION TO THE DUTY UNDERLYING THE WITHHELD PERFORMANCE 337 2. ANTICIPATORY SUSPENSION 338 3. ' CLEAN HANDS ' 339 4. PROCEDURAL CONSIDERATION 339 C. OPTIONS 339 ARTICLE 7.1.4 (CURE BY NON-PERFORMING PARTY) 340 A. A RIGHT TO CURE FOR THE OBLIGOR 340 B. PARALLEL OPTIONS FOR THE OBLIGEE (SUBJECT TO MEETING THE INDIVIDUAL REQUIREMENTS OF THE OTHER PROVISIONS) 343 ARTICLE 7.1.5 (ADDITIONAL PERIOD FOR PERFORMANCE) 345 A. A PROACTIVE WAY FOR THE OBLIGEE TO COPE WITH NON-PERFORMANCE 345 B. A PRIVILEGED WAY TO TERMINATION IN CASE OF DELAY (PARA. 3) 347 C. PARALLEL OPTIONS FOR THE OBLIGEE (PARA. 2) 347 ARTICLE 7.1.6 (EXEMPTION CLAUSES) 348 A. THE IMPORTANCE IN PRACTICE 349 B. A BASIC ASSUMPTION THAT EXEMPTION CLAUSES ARE VALID 350 C. A PROHIBITION TO RELY ON GROSSLY UNFAIR EXEMPTION CLAUSES IS PART OF THE MANDATORY CORE OF UNIDROIT PRINCIPLES 350 D. A TEST OF SEVERITY 351 E. LIMITS AND CONTRACTUAL OPTIONS 353 ARTICLE 7.1.7 (FORCE MAJEURE) 355 A. A SHIELD FOR THE OBLIGOR 356 B. CONDITIONS 356 C. MANAGEMENT OF FORCE MAJEURE BY THE OBLIGOR 359 D. OPTIONS AND OBLIGATIONS FOR THE OBLIGEE, INCLUDING TERMINATION 360 E. FORCE MAJEURE CLAUSES 360 1. GENERAL FUNCTION (DRAFTING) 360 2. LONG-TERM CONTRACTS, COMBINATION WITH HARDSHIP 361 3. IMPACT OF PRACTICE AND USAGES 362 SECTION 2 RIGHT TO PERFORMANCE 363 AN INTRODUCTORY COMPARATIVE REMARK ON SECTION 2: RIGHT TO PERFORMANCE 363 ARTICLE 7.2.1 (PERFORMANCE OF MONETARY OBLIGATION) 364 A. ACTION FOR AN AGREED SUM AS ' SPECIFIC PERFORMANCE ' 364 B. PARALLEL OPTIONS FOR THE OBLIGEE (SUBJECT TO MEETING THE INDIVIDUAL REQUIREMENTS OF THE OTHER PROVISIONS) 366 XXXVIII ARTICLE 7.2.2 (PERFORMANCE OF NON-MONETARY OBLIGATION) 366 A. A PRAGMATIC COMPROMISE BETWEEN CIVIL AND COMMON LAW 366 B. THE EXCEPTIONS (FOR THE BENEFIT OF THE OBLIGOR) 368 C. FURTHER OPTIONS FOR THE OBLIGOR 375 D. PARALLEL OPTIONS FOR THE OBLIGEE 375 ARTICLE 7.2.3 (REPAIR AND REPLACEMENT OF DEFECTIVE PERFORMANCE) 377 A. A REMINDER 377 B. RESTITUTION 379 C. PARALLEL OPTIONS 379 ARTICLE 7.2.4 (JUDICIAL PENALTY) 379 A. A CONTRIBUTION TO THE FRENCH LEGAL FAMILY (PARA. 1) 379 B. TACTICAL CONSIDERATIONS (PARA. 2 SENTENCE 1) 380 C. REFUSAL TO OBEY 381 D. PARALLEL OPTIONS (PARA. 2 SENTENCE 2) 382 ARTICLE 7.2.5 (CHANGE OF REMEDY) 382 LIMITED FREEDOM TO CHANGE THE MIND 382 SECTION 3 TERMINATION 383 OVERVIEW 384 ARTICLE 7.3.1 (RIGHT TO TERMINATE THE CONTRACT) 385 A. TERMINATION AS A LAST RESORT (PARA. 1) 385 B. FUNDAMENTAL NON-PERFORMANCE (PARA. 2) 387 1. FACTORS FOCUSSING ON THE CONTRACT FROM THE PERSPECTIVE OF THE OBLIGEE (LIT. A-B) 388 2. FACTORS FOCUSSING ON THE ACTION OF THE OBLIGOR (LIT. C-D) 391 3. ONE FACTOR FOCUSSING ON THE ECONOMIC IMPACT TO THE OBLIGOR (LIT. E) 392 C. NACHFRIST-PROCEDURE AS AN ALTERNATIVE IN CASE OF DELAY (PARA. 3) 392 D. PARTIAL TERMINATION 393 E. PARALLEL OPTIONS FOR OBLIGEES AND OBLIGORS 394 F. LEGAL CONSEQUENCES 395 ARTICLE 7.3.2 (NOTICE OF TERMINATION) 395 A. A CONCEPT OFCLARITY BY NOTICE (PARA. 1) 395 B. BALANCED BY A ' REASONABLE TIME ' - CONSTRAINT (PARA. 2) 396 C. OPTIONS 398 ARTICLE 7.3.3 (ANTICIPATORY NON-PERFORMANCE) 398 A. ' CLEAR ' CASES OF ANTICIPATORY NON-PERFORMANCE 398 B. NOTICE 400 C. EFFECTS 400 D. ALTERNATIVE OPTIONS 400 XXXIX ARTICLE 7.3.4 (ADEQUATE ASSURANCE OF DUE PERFORMANCE) 400 A. AVOIDING A ' DILEMMA ' FOR THE OBLIGEE 400 B. THREE TOOLS FOR THE OBLIGEE 401 1. TOOL 1: REQUEST FOR ADEQUATE ASSURANCE OF DUE PERFORMANCE 401 2. TOOL 2: A WITHHOLDING RIGHT 403 3. TOOL 3 (WHICH MAY FOLLOW THE USE OF TOOL 1 OR 2): AN EXTRAORDINARY RIGHT TO TERMINATION 403 C. POSSIBLE ALTERNATIVE OPTIONS 404 ARTICLE 7.3.5 (EFFECTS OF TERMINATION IN GENERAL) 404 A. A COMPROMISE BETWEEN DIFFERENT APPROACHES 404 B. LIMITATION OF THE EFFECT OF TERMINATION TO THE FUTURE 405 C. SUBSISTING RIGHTS AND CONTRACT PROVISIONS 405 I . IN CASE OF A LAWFUL CONTRACT TERMINATION 405 2. IN CASE OF AN UNFOUNDED CONTRACT TERMINATION (UNLAWFUL TERMINATION) 406 ARTICLE 7.3.6 (RESTITUTION WITH RESPECT TO CONTRACTS TO BE PERFORMED AT ONE TIME) 407 A. PRINCIPLE OF CONCURRENT RESTITUTION IN KIND (PARA. 1) 407 B. ' IMPOSSIBLE ' OR ' INAPPROPRIATE ' RESTITUTION IN KIND (PARA. 2) 408 C. RISK ALLOCATION, OPTIONS 409 D. COMPENSATION FOR EXPENSES (PARA. 4) AND OTHER OPTIONS 410 E. GENERAL RULES GOVERNING THE OBLIGATIONS UNDER ART. 7.3.6 411 F. IMPACT OF ART. 7.3.6: A QUASI-UNIFIED APPROACH TO RESTITUTION 411 ARTICLE 7.3.7 (RESTITUTION WITH RESPECT TO LONG-TERM CONTRACTS) 413 A. LIMITATION OF RESTITUTION RIGHTS 413 B. CONDITIONS 413 1. PRINCIPLE RULE 413 2. EXCEPTION 414 C. REFERENCE TO ART. 7.3.6 414 D. OTHER OPTIONS 414 SECTION 4 DAMAGES 415 INTRODUCTORY REMARKS 415 ARTICLE 7.4.1 (RIGHT TO DAMAGES) 416 A. DAMAGES FOR NON-PERFORMANCE UNLESS EXCUSED 416 B. APPLICATION IN ADDITION TO PARALLEL OPTIONS 417 C. ANALOGICAL APPLICATION, SPECIAL RULES WITH PRIORITY 417 ARTICLE 7.4.2 (FULL COMPENSATION) 418 A. PRINCIPLE OF FULL COMPENSATION 418 B. ADAPTATION IN CASES OF ANALOGICAL APPLICATION 421 XL ARTICLE 7.4.3 (CERTAINTY OF HARM) 421 A. CERTAINTY, PROBABILITY OR ASSESSMENT OF THE COURT 421 1. HARMS ESTABLISHED BY A REASONABLE DEGREE OF CERTAINTY (PARA. 1) 422 2. LOSS OF A CHANCE DEPENDING ON PROBABILITY OF ITS OCCURRENCE (PARA. 2) 422 3. ASSESSMENT AT THE DISCRETION OF THE COURT (PARA. 3) 423 B. CONTRACTUAL OPTIONS 424 ARTICLE 7.4.4 (FORESEEABILITY OF HARM) 424 A. AN INTERNATIONAL STANDARD MEETING COMPARATIVE LEGAL BENCHMARKS 424 B. SPECIFICS OF THE U NIDROIT PRINCIPLES ' FORESEEABILITY TEST 425 C. IMPACT ON RISK MANAGEMENT AT THE CONTRACT DRAFTING STAGE 426 ARTICLE 7.4.5 (PROOF OF HARM IN CASE OF REPLACEMENT TRANSACTION) 427 A. FUNCTION OF ART. 7.4.5 427 B. FOUR REQUIREMENTS 428 C. LEGAL CONSEQUENCES 429 D. OPTIONS 430 ARTICLE 7.4.6 (PROOF OF HARM BY CURRENT PRICE) 430 A. FUNCTION OF ART. 7.4.6 430 B. THREE REQUIREMENTS 431 C. LEGAL CONSEQUENCES 431 D. OPTIONS 432 ARTICLE 7.4.7 (HARM DUE IN PART TO AGGRIEVED PARTY) 432 A. FUNCTION OF THE CONCEPT OF CONTRIBUTORY CAUSATION 432 B. REQUIREMENTS 433 C. LEGAL CONSEQUENCES 434 D. OPTIONS 434 ARTICLE 7.4.8 (MITIGATION OF HARM) 435 A. FUNCTION OF MITIGATION 435 B. TWO FORMS OF APPLICATION 435 1. A PARTIAL SHIELD FOR THE OBLIGOR 436 2. A BASIS FOR A CLAIM BY THE AGGRIEVED PARTY 437 C. OPTIONS 437 ARTICLE 7.4.9 (INTEREST FOR FAILURE TO PAY MONEY) 437 A. FUNCTION AND PRACTICAL IMPORTANCE, RELATION TO THE CISG 438 B. TWO REQUIREMENTS AND ONE CLARIFICATION 440 C. INTEREST RATE 441 D. ADDITIONAL DAMAGES, COMPOUND INTEREST 441 E. OPTIONS 442 XLI ARTICLE 7.4.10 (INTEREST ON DAMAGES) 443 A. SCOPE OF APPLICATION AND FUNCTION 443 B. APPLICATION 443 C. AVOIDANCE OF DOUBLE COMPENSATION 444 ARTICLE 7.4.11 (MANNER OF MONETARY REDRESS) 444 A. FLEXIBILITY TO THE COURT 444 B. INDEXATION 445 ARTICLE 7.4.12 (CURRENCY IN WHICH TO ASSESS DAMAGES) 445 A. AN OPTION FOR THE AGGRIEVED PARTY 445 B. ALTERNATIVE AND DISTINCTION 446 ARTICLE 7.4.13 (AGREED PAYMENT FOR NON-PERFORMANCE) 446 A. FUNCTION 446 B. FREEDOM TO NEGOTIATE AN AGREED PAYMENT FOR NON-PERFORMANCE 448 C. JUDICIAL CONTROL OF GROSSLY EXCESSIVE CLAUSES AS PART OF THE MANDATORY CORE OF UNIDROIT PRINCIPLES 450 D. CONTRACTUAL OPTION 451 CHAPTER 8 SET-OFF 453 INTRODUCTION 453 A. DEFINITION AND RELEVANCE 453 B. A NEUTRAL COMPROMISE ON SET-OFF 454 C. A LIBERAL APPROACH 456 ARTICLE 8.1 (CONDITIONS OF SET-OFF) 456 A. FUNCTION OF ART. 8. 1 WITHIN THE UNIDROIT PRINCIPLES-SYSTEM OF SET-OFF 456 1. RELATION TO ART. 8.2-8.5 456 2. SPECIAL RULES WITH PRIORITY 457 B. REQUIREMENTS 457 1. MUTUALITY (OR RECIPROCITY) 457 2. ' MONEY OR OTHER PERFORMANCE OF THE SAME KIND ' 458 3. PRINCIPLE CLAIM: ENTITLEMENT TO PERFORMANCE BY THE FIRST PARTY ((L)LIT. A) 459 4. CROSS-CLAIM: AN ' ASCERTAINED ' AND ' DUE ' OBLIGATION OF THE OTHER PARTY ((1) LIT. B) 460 5. EXCEPTION TO THE ' ASCERTAINABILITY ' REQUIREMENT 462 C. LEGAL CONSEQUENCES AND TERMINOLOGY 463 D. CONTRACTUAL OPTIONS AND/OR RESTRICTIONS AND OTHER RESTRICTIONS 463 1. CONTRACTUAL OPTIONS AND/OR RESTRICTIONS 463 2. OTHER RESTRICTIONS 464 XLII ARTICLE 8.2 (FOREIGN CURRENCY SET-OFF) 465 A. FUNCTION AND PRINCIPLE 465 B. A RACE TO BECOME THE ' FIRST PARTY ' 466 1. CURRENCY 467 2. EXCHANGE RATE 467 C. RESTRICTIONS 468 1. NO ' FREELY CONVERTIBLE CURRENCIES ' 468 2. CURRENCY IMPOSED BY AGREEMENT 468 D. CONTRACTUAL OPTIONS 469 ARTICLE 8.3 (SET-OFF BY NOTICE) 470 A. A STRAIGHTFORWARD INSTRUCTION TO THE FIRST PARTY 470 B. FORM 470 C. LIMITS 471 D. OPTIONS 471 ARTICLE 8.4 (CONTENT OF NOTICE) 471 A. SPECIFICATION OF THE OBLIGATIONS 472 1. THE BASIC RULE OF PARA. 1 472 2. FURTHER CONTENTS OF THE NOTICE 472 B. MULTIPLE OBLIGATIONS 1. THE DEFAULT RULE FOR MISSING SPECIFICATIONS IN CASE OF MULTIPLE 473 OBLIGATIONS OF THE OTHER PARTY 2. MISSING SPECIFICATIONS IN CASE OF MULTIPLE OBLIGATIONS OF THE FIRST 473 PARTY 474 3. MULTIPLE OBLIGATIONS ON BOTH SIDES 474 ARTICLE 8.5 (EFFECT OF SET-OFF) 475 A. DEFINED SUBSTANTIVE EFFECT FOR THE FUTURE 475 1. SUBSTANTIVE EFFECT OF SET-OFF (PARA. 1) 475 2. DIFFERENT AMOUNTS (PARA. 2) 475 3. PROSPECTIVE EFFECT (PARA. 3) 476 4. LIMITS 477 B. PRACTICAL CONSEQUENCES, OPTIONS 477 CHAPTER 9 ASSIGNMENT OF RIGHTS, TRANSFER OF OBLIGATIONS, ASSIGNMENT OF CONTRACTS 479 INTRODUCTION 479 SECTION 1 ASSIGNMENT OF RIGHTS 481 ARTICLE 9.1.1 (DEFINITIONS) 481 A. PERSPECTIVE AND SCOPE 481 B. BEYOND ' DEFINITIONS ' : MERE AGREEMENT, NO CONSENT FOR ASSIGNMENTS OF MONETARY RIGHTS 482 C. LIMITS 484 XLIII ARTICLE 9.1.2 (EXCLUSIONS) 484 A. A REMINDER OF PRIORITY OF CERTAIN LAWS 484 B. LIT. A 485 C. LIT. B 485 ARTICLE 9.1.3 (ASSIGNABILITY OF NON-MONETARY RIGHTS) 485 A. PURPOSE 486 B. REQUIREMENTS FOR AN EFFECTIVE ASSIGNMENT OF NON-MONETARY OBLIGATIONS 486 C. EFFECTS 487 D. OPTIONS 488 ARTICLE 9.1.4 (PARTIAL ASSIGNMENT) 488 A. PRINCIPLE 488 B. REQUIREMENTS 489 1. RIGHTS TO THE PAYMENT OF A MONETARY SUM (PARA. 1) 489 2. RIGHTS TO OTHER PERFORMANCE THAN THE PAYMENT OF A MONETARY SUM (PARA. 2) 489 C. OPTIONS 490 ARTICLE 9.1.5 (FUTURE RIGHTS) 490 A. PRINCIPLE 490 B. IDENTIFICATION AS REQUIREMENT 491 C. EFFECT 492 D. OPTIONS 492 ARTICLE 9.1.6 (RIGHTS ASSIGNED WITHOUT INDIVIDUAL SPECIFICATION) 493 A. ASSIGNMENT OF A BUNDLE OF RIGHTS 493 B. REQUIREMENTS 493 1. IDENTIFIABILITY AT THE RELEVANT TIME 493 2. PARTIAL VALIDITY 494 ARTICLE 9.1.7 (AGREEMENT BETWEEN ASSIGNOR AND ASSIGNEE SUFFICIENT) 494 A. MERE AGREEMENT 494 1. ASSIGNMENT OF RIGHTS TO RECEIVE PAYMENT OF A SUM OF MONEY 494 2. ASSIGNMENT OF RIGHTS TO NON-MONETARY PERFORMANCE 495 B. OPTIONS 495 C. LIMITS 496 ARTICLE 9.1.8 (OBLIGOR ' S ADDITIONAL COSTS) 496 A. AN INNOVATIVE CONCEPT 496 B. REQUIREMENTS 497 C. LEGAL CONSEQUENCE: JOINT AND SEVERAL LIABILITY 497 D. OPTIONS 498 XLIV ARTICLE 9.1.9 (NON-ASSIGNMENT CLAUSES) 498 A. A BALANCE BETWEEN CONFLICTING INTERESTS 498 B. THE SYSTEM 499 C. OPTIONS 501 ARTICLE 9.1.10 (NOTICE TO THE OBLIGOR) 502 A. FUNCTION AND FUNCTIONING 502 1. UNTIL RECEIPT OF NOTICE 503 2. AFTER RECEIPT OF NOTICE 503 B. NOTICE 504 1. SILENT ASSIGNMENTS 504 2. REQUIREMENTS IF NOTICE IS GIVEN 504 3. REVOCATION OF NOTICE 505 C. LIMITED OPTIONS 505 ARTICLE 9.1.11 (SUCCESSIVE ASSIGNMENTS) 506 A. RARE RELEVANCE 506 B. PURPOSE AND FUNCTIONING OF THE RULE 507 C. OPEN ISSUES 507 D. OPTIONS 508 ARTICLE 9.1.12 (ADEQUATE PROOF OF ASSIGNMENT) 508 A. PROTECTION OF THE OBLIGOR 509 B. INADEQUATE PROOF SANCTIONED BY INEFFECTIVENESS OF THE NOTICE 509 1. REQUEST FOR PROOF 509 2. RISK ALLOCATION 510 3. CONSEQUENCES OF INSUFFICIENT PROOF AND WITHHOLDING RIGHT 511 C. OPTIONS 511 ARTICLE 9.1.13 (DEFENCES AND RIGHTS OF SET-OFF) 511 A. SCOPE OF APPLICATION 512 B. ' IN THE ASSIGNOR ' S SHOES ' (PARA. 1) 512 1. PRINCIPLE 512 2. EXAMPLES FOR AVAILABLE DEFENCES 513 3. RIGHTS OF THE ASSIGNEE CONFRONTED WITH SUCH AN OBJECTION 514 C. SET-OFF (PARA. 2) 514 1. PRINCIPLE (UNTIL RECEIPT OF A NOTICE OF ASSIGNMENT) 514 2. RESTRICTIONS 515 D. OPTIONS 516 ARTICLE 9.1.14 (RIGHTS RELATED TO THE RIGHT ASSIGNED) 516 A. SCOPE OF APPLICATION 516 B. ANOTHER USEFUL COMPROMISE BETWEEN CIVIL AND COMMON LAW 517 C. LIMITS 518 D. OPTIONS 518 XLV ARTICLE 9.1.15 (UNDERTAKINGS OF THE ASSIGNOR) 519 A. SELF-EXPLANATORY UNDERTAKINGS 519 B. EFFECT 520 C. LIMITS AND OPTIONS 520 SECTION 2 TRANSFER OF OBLIGATIONS 521 ARTICLE 9.2.1 (MODES OF TRANSFER) 521 A. ONE OPTION FOR EACH CONTRACT PARTNER 522 B. AGREEMENT BETWEEN THE ORIGINAL OBLIGOR AND THE NEW OBLIGOR (LIT. A) 523 1. AGREEMENT BETWEEN THE ORIGINAL OBLIGOR AND THE NEW OBLIGOR 523 2. LEGAL CONSEQUENCE 523 C. AGREEMENT BETWEEN THE OBLIGEE AND THE NEW OBLIGOR (LIT. B) 524 D. LIMITS 525 E. OPTIONS 525 ARTICLE 9.2.2 (EXCLUSION) 525 A. PRINCIPLE 525 B. EXCEPTION 526 ARTICLE 9.2.3 (REQUIREMENT OF OBLIGEE ' S CONSENT TO TRANSFER) 526 A. A SUPPLEMENT TO ART. 9.2.1 (A) 526 B. CONTENTS AND COMMUNICATION OF THE CONSENT OF THE OBLIGEE 526 1. CONTENTS 526 2. COMMUNICATION 527 ARTICLE 9.2.4 (ADVANCE CONSENT OF OBLIGEE) 527 A. A USEFUL TOOL IN PRACTICE 527 B. APPLICATION OF THE RULE 528 C. OPTIONS 529 ARTICLE 9.2.5 (DISCHARGE OF ORIGINAL OBLIGOR) 529 A. OPTIONS FOR THE AFFECTED THIRD PARTY 529 B. OPTIONS FOR THE OBLIGEE UNDER PARA. 1 AND 2 529 C. DEFAULT RULE IN PARA. 3 530 D. ADDITIONAL OPTION BY THE OBLIGEE 530 E. OPTION FOR THE ORIGINAL OBLIGOR 530 ARTICLE 9.2.6 (THIRD PARTY PERFORMANCE) 530 A. FREEDOM FOR THE OBLIGOR AS A RULE 531 B. EXTENSIVE INTERPRETATION 532 C. LIMITS 532 ARTICLE 9.2.7 (DEFENCES AND RIGHTS OF SET-OFF) 532 A. SCOPE OF APPLICATION 533 B. NO CUT OFF OF OBLIGOR ' S DEFENCES THROUGH THE TRANSFER (PARA. 1) 533 XLVI C. RESTRICTION REGARDING SET-OFF (PARA. 2) 534 1. NO TRANSFER OF SET-OFF RIGHTS 534 2. LIMITS 535 ARTICLE 9.2.8 (RIGHTS RELATED TO THE OBLIGATION TRANSFERRED) 535 A. SCOPE OF APPLICATION 535 B. RIGHTS TO PERFORMANCE 535 C. SECURITY RIGHTS 536 1. SECURITIES GIVEN BY THE ORIGINAL OBLIGOR 536 2. SECURITIES GIVEN BY A THIRD PARTY 536 3. SECURITIES GIVEN BY THE NEW OBLIGOR 537 D. LIMITS 537 SECTION 3 ASSIGNMENT OF CONTRACTS 537 ARTICLE 9.3.1 (DEFINITIONS) 537 A. A USEFUL TOOL 538 B. DEFINITIONS 539 C. OVERVIEW 539 D. OPTIONS 539 ARTICLE 9.3.2 (EXCLUSION) 540 LIMITATION OF THE SCOPE OF APPLICATION 540 ARTICLE 9.3.3 (REQUIREMENT OF CONSENT OF THE OTHER PARTY) 540 A. COPING WITH A NEED FOR CONSENT 540 B. MODALITIES OF CONSENT 541 C. OPTIONS 542 ARTICLE 9.3.4 (ADVANCE CONSENT OF THE OTHER PARTY) 542 A. A USEFUL TOOL IN PRACTICE 542 B. ADVANCE CONSENT 543 C. EFFECT UPON THE TRANSFER OF CONTRACT 543 D. OPTION 543 ARTICLE 9.3.5 (DISCHARGE OF THE ASSIGNOR) 544 A. THREE OPTIONS FOR THE OTHER PARTY 544 B. MODALITIES OF EXECUTION 544 C. ADVANCE DISCHARGE 545 ARTICLE 9.3.6 (DEFENCES AND RIGHTS OF SET-OFF) 545 A. OVERVIEW 545 B. DEFENCES AND RIGHTS OF SET-OFF WITH RESPECT TO RIGHTS ASSIGNED IN THE CONTEXT OF ASSIGNMENT OF CONTRACT 546 1. DEFENCES 546 2. SET-OFF 546 XLVII C. DEFENCES AND RIGHTS OF SET-OFF WITH RESPECT TO OBLIGATIONS TRANSFERRED IN THE CONTEXT OF ASSIGNMENT OF CONTRACT 547 1. DEFENCES 547 2. SET-OFF 547 D. REFERRAL 547 ARTICLE 9.3.7 (RIGHTS TRANSFERRED WITH THE CONTRACT) 548 A. OVERVIEW AND DISTINCTION TO RIGHTS OF PERFORMANCE 548 B. RIGHTS RELATED TO THE RIGHTS ASSIGNED IN THE CONTEXT OF ASSIGNMENT OF CONTRACT 548 C. RIGHTS RELATED TO THE OBLIGATIONS TRANSFERRED IN THE CONTEXT OF ASSIGNMENT OF CONTRACT 549 1. SECURITY RIGHTS REGARDING A TRANSFERRED OBLIGATION GIVEN BY THE ORIGINAL OBLIGOR 549 2. SECURITIES GIVEN BY A THIRD PARTY 549 3. SECURITIES GIVEN BY THE NEW OBLIGOR 550 D. REFERRAL 550 CHAPTER 10 LIMITATION PERIODS 551 INTRODUCTION 551 A. A BALANCE BETWEEN COMPETING INTERESTS OF THE PARTIES 551 B. ISSUES 551 ARTICLE 10.1 (SCOPE OF THE CHAPTER) 552 A. A USEFUL COMPROMISE BETWEEN DIFFERENT SYSTEMS 552 B. SCOPE OF APPLICABILITY (BASED ON THE SCRUTINY BY WINTGEN) 554 1. EXAMPLES OF APPLICABILITY 554 2. COUNTER-EXAMPLES TO WHICH LIMITATION PERIODS UNDER CHAPTER 10 DO NOT APPLY 555 3. AN OBSERVATION ON THE APPLICATION OF CHAPTER 10 FROM A PRIVATE INTERNATIONAL LAW PERSPECTIVE 556 4. OPTIONS 557 ARTICLE 10.2 (LIMITATION PERIODS) 558 A. GENERAL AND UNDERLYING PRINCIPLES REGARDING LIMITATION PERIODS 558 1. A TWO-TIER SYSTEM 558 2. STARTING POINT ON ' THE DAY AFTER ' 559 3. GREGORIAN CALENDAR 559 4. OFFICIAL HOLIDAYS OR NON-BUSINESS DAYS 559 B. BEGINNING OF THE LIMITATION PERIOD 560 1. GENERAL LIMITATION PERIOD (3 YEARS) 560 2. MAXIMUM LIMITATION PERIOD (10 YEARS) 562 C. OPTIONS 563 ARTICLE 10.3 (MODIFICATION OF LIMITATION PERIODS BY THE PARTIES) 563 A. PRINCIPLE OF PARTY AUTONOMY AS A STARTING POINT 563 B. MODALITIES 564 XLVIII C. LIMITS AS PART OFTHE MANDATORY CORE OF U NIDROIT PRINCIPLES 564 1. LIMITS FOR THE GENERAL LIMITATION PERIOD 564 2. LIMITS FOR THE MAXIMUM LIMITATION PERIOD 564 3. VIOLATIONS 565 D. OPTIONS 565 1. PRINCIPLE: NO DEVIATION 565 2. EXCEPTION BY D^PE^AGE 566 3. ARBITRATION CLAUSES 567 ARTICLE 10.4 (NEW LIMITATION PERIOD BY ACKNOWLEDGEMENT) 567 A. PRINCIPLE, TIMING AND EFFECT 568 B. FORM OF ACKNOWLEDGEMENT 569 ARTICLE 10.5 (SUSPENSION BY JUDICIAL PROCEEDINGS) 569 A. A CONCEPT OF SUSPENSION 569 B. DETAILS 571 1. REFERENCE TO THE LAW OF THE COURT FOR THE BEGINNING OF SUSPENSION 571 2. END OF SUSPENSION 571 C. CONTRACTUAL OPTIONS: SUSPENSION BY NEGOTIATION 572 D. EFFECT OF THE JUDICIAL PROCEEDINGS ON JOINT AND SEVERAL OBLIGORS 573 ARTICLE 10.6 (SUSPENSION BY ARBITRAL PROCEEDINGS) 573 A. ADAPTATION OF THE CONCEPT OF SUSPENSION TO ARBITRATION 573 B. DETAILS 574 1. BEGINNING OF SUSPENSION 574 2. END OF SUSPENSION 574 C. EFFECT OF THE ARBITRAL PROCEEDINGS ON JOINT AND SEVERAL OBLIGORS 575 ARTICLE 10.7 (ALTERNATIVE DISPUTE RESOLUTION) 575 A. FORMAL MEDIATION AND CONCILIATION AS SUSPENDING EVENT 575 B. LEGAL CONSEQUENCE: APPLICATION OF ART. 10.5 AND 10.6 576 1. COMMENCEMENT OF SUSPENSION 576 2. END OF SUSPENSION 576 C. EFFECT OF THE ALTERNATIVE DISPUTE RESOLUTION ON JOINT AND SEVERAL OBLIGORS 577 D. OPTION: THIRD PARTY INVOLVEMENT TO DETERMINE CONTRACTUAL TERMS 577 ARTICLE 10.8 (SUSPENSION IN CASE OF FORCE MAJEURE, DEATH OR INCAPACITY) 577 A. FORCE MAJEURE AS AN EXCUSE FOR THE OBLIGEE WITH REGARD TO THE GENERAL LIMITATION PERIOD 578 B. DETAILS 578 1. DEFINITION OF FORCE MAJEURE 578 2. EFFECTS OF FORCE MAJEURE 579 3. DEATH AND INCAPACITY 580 XLIX ARTICLE 10.9 (EFFECTS OF EXPIRATION OF LIMITATION PERIOD) 581 A. THE FIRST OF THREE ARTICLES ON THE EFFECTS OF THE EXPIRATION OF THE LIMITATION PERIOD 581 B. RIGHTS FOR THE OBLIGEE AND FOR THE OBLIGOR 581 1. INTRODUCTION 581 2. A REQUIREMENT TO ACTUALLY ASSERT THE RIGHT 581 3. A REMAINING RIGHT TO DEFEND 582 C. NO EFFECT ON COLLATERALS 582 D. OPTIONS 582 ARTICLE 10.10 (RIGHT OF SET-OFF) 583 A. SUPPLEMENTTO ART. 10.9 583 B. SUPPLEMENT TO ART. 8.1 ET SEQ. 584 C. CONTRACTUAL OPTIONS 584 ARTICLE 10.11 (RESTITUTION) 584 A. TIME-BARRED CLAIMS AS A VALID BASIS FOR PERFORMANCE 584 B. RESTITUTION BASED ON OTHER GROUNDS 585 CHAPTER 11 PLURALITY OF OBLIGORS AND OF OBLIGEES 587 INTRODUCTION 587 A. OVERVIEW 587 B. LANGUAGE 588 C. SCOPE 588 SECTION 1 PLURALITY OF OBLIGORS 589 ARTICLE 11.1.1 (DEFINITIONS) 589 A. TWO KINDS OF OBLIGATIONS 590 B. JOINT AND SEVERAL OBLIGATIONS (LIT. A) 590 C. SEPARATE OBLIGATIONS (LIT. B) 591 D. OPTIONS 592 ARTICLE 11.1.2 (PRESUMPTION OF JOINT AND SEVERAL OBLIGATIONS) 593 A. A DEFAULT RULE 593 B. CONTRACTUAL INTERPRETATION 594 C. OPTIONS 595 ARTICLE 11.1.3 (OBLIGEE ' S RIGHTS AGAINST JOINT AND SEVERAL OBLIGORS) 595 A. A CHOICE OF THE OBLIGEE 595 B. NON-PERFORMANCE 595 C. CONTRACTUAL OPTION 596 L ARTICLE 11.1.4 (AVAILABILITY OF DEFENCES AND RIGHTS OF SET-OFF) 596 A. A CLEAR DISTINCTION BETWEEN COMMON AND PERSONAL DEFENCES 597 B. COMMON DEFENCES 597 1. THE PRINCIPLE AND EXAMPLES 597 2. ASSERTION 598 C. PERSONAL DEFENCES 598 1. THE PRINCIPLE 598 2. LEGAL IMPACT ON CONTRIBUTORY ACTION 599 D. SET-OFF 600 E. COMMUNICATION 600 F. CONTRACTUAL OPTIONS 601 ARTICLE 11.1.5 (EFFECT OF PERFORMANCE OR SET-OFF) 601 A. A GENERALLY ACCEPTED RULE ON DISCHARGE BY PERFORMANCE OR PERFORMANCE SUBSTITUTE 601 B. MERGER 602 C. CONTRACTUAL OPTION 602 ARTICLE 11.1.6 (EFFECT OF RELEASE OR SETTLEMENT) 603 A. PRINCIPLE OF PARTIAL DISCHARGE OF REMAINING OBLIGORS 603 B. IMPACT ON CONTRIBUTORY CLAIM 604 1. GENERAL IMPACT 604 2. INCREASE OF CONTRIBUTORY SHARES SUBSEQUENT TO THE RELEASE 604 C. CONTRACTUAL OPTIONS 605 ARTICLE 11.1.7 (EFFECT OF EXPIRATION OR SUSPENSION OF LIMITATION PERIOD) 606 A. INDIVIDUAL EFFECT OF AN EXPIRATION OF A LIMITATION PERIOD 606 B. EFFECT OF PROCEEDINGS AGAINST ONE OBLIGOR 607 1. THE EFFECT OF PARA. 2 607 2. LIMITS 608 C. CONTRACTUAL OPTIONS 608 1. REGARDING THE CONTRACT BETWEEN OBLIGEE AND OBLIGORS 608 2. REGARDING THE RELATIONSHIP BETWEEN CO-OBLIGORS 609 ARTICLE 11.1.8 (EFFECT OF JUDGMENT) 609 A. PRINCIPLE 609 1. NO BINDING EFFECT ON CO-OBLIGORS 609 2. FREEDOM OF THE OBLIGEE 610 B. EXCEPTION IN CASE OF PERSONAL DEFENCES 610 ARTICLE 11.1.9 (APPORTIONMENT AMONG JOINT AND SEVERAL OBLIGORS) 612 A. THE FOUNDATION FOR CONTRIBUTORY CLAIMS AND SUBROGATION 612 B. A DEFAULT RULE 612 ARTICLE 11.1.10 (EXTENT OF CONTRIBUTORY CLAIM) 613 A. CONTRIBUTORY CLAIM OF AN OBLIGOR 613 B. DETAILS 614 1. QUALIFICATION OF CONTRIBUTORY CLAIMS AS SEPARATE 614 LI 2. EXTENT OF THE CONTRIBUTORY CLAIM - CALCULATION EXAMPLE 614 3. COST AND INTEREST 615 4. CONTRIBUTION IN MONEY 615 5. PRESCRIPTION 615 C. CONTRACTUAL OPTIONS 615 ARTICLE 11.1.11 (RIGHTS OF THE OBLIGEE) 616 A. AN ADDITIONAL TOOL FOR THE OBLIGOR 616 1. CONDITIONS 617 2. LEGAL CONSEQUENCES 617 B. PRIORITY FOR THE OBLIGEE 618 ARTICLE 11.1.12 (DEFENCES IN CONTRIBUTORY CLAIMS) 619 A. A STRAIGHTFORWARD RULE 619 B. A CLEAR DISTINCTION BETWEEN COMMON AND PERSONAL DEFENCES 620 1. COMMON DEFENCES 620 2. PERSONAL DEFENCES IN GENERAL 621 3. SPECIAL PERSONAL DEFENCES 622 4. SET-OFF 622 C. OPTIONS 623 ARTICLE 11.1.13 (INABILITY TO RECOVER) 624 A. A POSSIBLE CHANGE OF THE APPORTIONMENT 624 B. CONDITIONS 624 C. CALCULATION 625 SECTION 2 PLURALITY OF OBLIGEES 625 ARTICLE 11.2.1 (DEFINITIONS) 625 A. THREE KINDS OF OBLIGATIONS OFFERED BY THE UNIDROIT PRINCIPLES, NO PRESUMPTION 626 B. SEPARATE CLAIMS (LIT. A) 627 1. PRINCIPLE 627 2. SELECTED ADVANTAGES OR DISADVANTAGES 628 3. CONTRACTUAL OPTIONS WITHIN THIS KIND OF OBLIGATION 628 C. JOINT AND SEVERAL CLAIMS (LIT. B) 628 1. PRINCIPLE 628 2. SELECTED ADVANTAGES OR DISADVANTAGES 629 3. CONTRACTUAL OPTIONS WITHIN THIS KIND OF OBLIGATION 630 D. JOINT CLAIMS (LIT. C) 630 1. PRINCIPLE 630 2. SELECTED ADVANTAGES OR DISADVANTAGES 631 3. CONTRACTUAL OPTIONS WITHIN THIS KIND OF OBLIGATION 631 E. ABSENCE OF AN EXPLICIT CHOICE 632 F. OPTIONS TO AGREE ON OTHER CONCEPTS 633 LII ARTICLE 11.2.2 (EFFECTS OF JOINT AND SEVERAL CLAIMS) 634 A. A SUPPLEMENT TO ART. 11.2.1 LIT. B 634 B. DETAILS 634 1. FORMAL PROCEDURES WITH ONE OBLIGEE 634 2. PERFORMANCE IN CIRCUMSTANCES GOVERNED BY CHAPTER 7 635 3. MERGER 635 C. CONTRACTUAL OPTIONS 636 ARTICLE 11.2.3 (AVAILABILITY OF DEFENCES AGAINST JOINT AND SEVERAL OBLIGEES) 636 A. FUNCTION AND PRINCIPLE 636 B. DEFENCES AND SET-OFF UNDER PARA. 1 637 1. DEFENCES WHICH ARE COMMON TO THE OBLIGOR ' S RELATIONSHIP WITH ALL OBLIGEES 637 2. DEFENCES WHICH ARE PERSONAL TO THE OBLIGOR ' S RELATIONSHIP WITH ONE OBLIGEE 637 3. CONTRACTUAL OPTIONS 638 4. SET-OFF 638 C. DEFENCES AND SET-OFF UNDER PARA. 2 639 1. PERFORMANCE AND RIGHTS OF SET-OFF 639 2. EFFECT OF RELEASE AND SETTLEMENT 639 3. EFFECT OF EXPIRATION AND SUSPENSION OF LIMITATION PERIOD 640 4. SPECIAL RULES ON EFFECT OF JUDGEMENT 641 ARTICLE 11.2.4 (ALLOCATION BETWEEN JOINT AND SEVERAL OBLIGEES) 642 A. PURPOSE 642 B. APPORTIONMENT 643 C. TRANSFER OF EXCESS RECEIVED FROM THE OBLIGOR 643 1. OBLIGATION TO TRANSFER THE EXCESS 643 2. SET-OFF WITH EXPENSES 644 3. CONTRACTUAL OPTIONS 644 D. MERGER OF THE OBLIGOR WITH ONE OBLIGEE 644 INDEX 647 LIII
any_adam_object 1
author Brödermann, Eckart 1958-
author_GND (DE-588)141946288
author_facet Brödermann, Eckart 1958-
author_role aut
author_sort Brödermann, Eckart 1958-
author_variant e b eb
building Verbundindex
bvnumber BV048898104
classification_rvk PU 1540
PU 1532
PT 334
ctrlnum (OCoLC)1391130211
(DE-599)DNB1279859997
discipline Rechtswissenschaft
edition Second edition
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physical CLIII, 676 Seiten 22.7 cm x 15.3 cm
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spelling Brödermann, Eckart 1958- Verfasser (DE-588)141946288 aut
UNIDROIT principles of International Commercial Contracts an article-by-article commentary Eckart J. Brödermann
Second edition
Baden-Baden Nomos 2023
CLIII, 676 Seiten 22.7 cm x 15.3 cm
txt rdacontent
n rdamedia
nc rdacarrier
International Institute for the Unification of Private Law Unidroit principles of international commercial contracts (DE-588)4538841-6 gnd rswk-swf
Internationales Wirtschaftsrecht
Internationale Schiedsgerichtsbarkeit
PICC
Schiedsregeln
Arbitration
International Institute for the Unification of Private Law
Trade Law
Commercial Law
Harmonisierung des Zivilrechts
Principles of Transnational Civil Procedure
Rules of private Law
UNIDROIT
International Commercial Contracts
Internationales Handelsrecht
Internationales Vertragsrecht
Wirtschaftsrecht
(DE-588)4136710-8 Kommentar gnd-content
International Institute for the Unification of Private Law Unidroit principles of international commercial contracts (DE-588)4538841-6 u
DE-604
Nomos Verlagsgesellschaft (DE-588)117513-0 pbl
Erscheint auch als Online-Ausgabe, PDF 978-3-74893770-8
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spellingShingle Brödermann, Eckart 1958-
UNIDROIT principles of International Commercial Contracts an article-by-article commentary
International Institute for the Unification of Private Law Unidroit principles of international commercial contracts (DE-588)4538841-6 gnd
subject_GND (DE-588)4538841-6
(DE-588)4136710-8
title UNIDROIT principles of International Commercial Contracts an article-by-article commentary
title_auth UNIDROIT principles of International Commercial Contracts an article-by-article commentary
title_exact_search UNIDROIT principles of International Commercial Contracts an article-by-article commentary
title_full UNIDROIT principles of International Commercial Contracts an article-by-article commentary Eckart J. Brödermann
title_fullStr UNIDROIT principles of International Commercial Contracts an article-by-article commentary Eckart J. Brödermann
title_full_unstemmed UNIDROIT principles of International Commercial Contracts an article-by-article commentary Eckart J. Brödermann
title_short UNIDROIT principles of International Commercial Contracts
title_sort unidroit principles of international commercial contracts an article by article commentary
title_sub an article-by-article commentary
topic International Institute for the Unification of Private Law Unidroit principles of international commercial contracts (DE-588)4538841-6 gnd
topic_facet International Institute for the Unification of Private Law Unidroit principles of international commercial contracts
Kommentar
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