Instruments of International Commercial Contract

There has been a growing role of international commercial contract along with the globalization and transnationalization of trade. As international contract covers all issues of trade, international sales of contract is a popular one. While concluding commercial contract, country specific law having jurisdiction and substantial provisions cannot be forgotten. The contract cannot be concluded squashing universally accepted principles and competition policy which are established by peremptory norms. Any covert intention to remove competition policy is starkly declined in the contract provision. The damage can be claimed in court of law having jurisdictions as contracted if anything is unhealthy and unreasonable. International instruments i.e. treaty or recommendations want to establish uniform rules of practices across the globe in the matter of international commercial contracts, which are binding to member country.