THE PRINCIPLES OF EUROPEAN  CONTRACT LAW

     
Prepared by the Commision on European Contract Law

     
Parts I and II, 1999

     
Chapter 1
General provisions

     
Section 1. Scope of the Principles

     
     
Article 1:101: Application of the Principles

(1) These Principles are intended to be applied as general rules of contract law in the European Union.

(2) These Principles will apply when the parties have agreed to incorporate them into their contract or that their contract is to be governed by them.

(3)These Principles may be applied when the parties:

(a) have agreed that their contract is to be governed by "general principles of law", the "lex mercatoria" or the like; or

(b) have not chosen any system or rules of law to govern their contract.