ADVANTAGES

It is true that both instruments address basically the same issues of general contract law and are very similar in terms of formal presentation. However, they definitely differ as to their scope. The UNIDROIT Principles relate specifically to international commercial contracts, while the European Principles are intended to apply to all kinds of contracts, including transactions of a purely domestic nature and those between merchants and consumers. Moreover, while the territorial scope of the UNIDROIT Principles is universal, that of the European Principles is formally limited to the member States of the European Union.

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