Contract Flashcards
EU regulation
- date
- csq: europe freedom of choice of law
- 2008
- rome1 regulation
- condition: good form and clear
- -rule: respect public policy
Rome 1 regul-°
-4 special contracts
- carriage
- insurance
- consumers
- employment
classic component
-human right
-public health regulation
-
Model of contracts
-alternative: using a model
Clauses
- estimation of the amount of damage
- decreases liability
- increases liability
- force majeur
-liquidated damaged
-limitation clauses
-penalty clauses: amount if breaches obligations
-
Organisation
-sale of goods
-CISG= vienna convention
CISG
-role 4
- formation contract
- duties byer and seller
- passign risk
- csq breach contract
Tribunal compentence
- why
- ex: several competent court, who chose
- ex: no choice
- ex: chose befor
- juridiction: power to hear and decide a case
- the claimant
- the defendant
- a choice of forum agreement
Quality of contract
- predictable: cost effective
- clear: no need lawer
- flexible: possibility favour one partie
Condition validity
-what 4
- public policy
- forum must be convenient
- equal bargaining power
- general fairness: understood language
Arbitration
- advantage
- disadvantage
- country favorale
- confidenciality
- speed
- specialized
- neutral
- expensive
- suisse, england, us, germany
- decision of arbitral tribunal
Arbitration
the award
-what
-how use
-to be controlle by judge to apply
ex: swede with us, choice of the law
-swedish tribunal: UE member > use rome1 > rome1 reg° art3 respect chose > here contract indicate law of us > respect public policy
-seattle: us > from the 2nd restatment on the conflict of laws > section 187 respect choice cause raisonable > compatility public policy
Rome1 reg° art4: no choice law for franchise so country of the franchisee
ex: choice of juridiction / tribunal
brussels1 reg° art23: respect choice of contract
Contract
-what 4
- agreement
- binding
- recognized by law
- enforceble in a court of law
