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Books > Law > Laws of other jurisdictions & general law > Private, property, family law > Contract law
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Trade Usages and Implied Terms in the Age of Arbitration (Hardcover)
Loot Price: R4,114
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Trade Usages and Implied Terms in the Age of Arbitration (Hardcover)
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If a dispute between commercial parties reaches the stage of
arbitration, the cause is usually ambiguous contract terms. The
arbitrator often resolves the dispute by applying trade usages,
either to interpret the ambiguous terms or to determine what the
given contract's terms really are. This recourse to trade usages
does not create many problems on the domestic level. However,
international arbitrations are far more complex and confusing.
Trade Usages and Implied Terms in the Age of Arbitration provides a
clear explanation of how usages, and more generally the implicit or
implied content of international commercial contracts, are
approached by some of the most influential legal systems in the
world. Building on these approaches and taking account of arbitral
practice, this book explores possible conceptual frameworks to help
shape the emerging transnational law of trade usage. Part I covers
the treatment and conceptual grounding of usages and implied terms
in the positive law of influential jurisdictions. Part II defines
the approach to usages and implied terms adopted in the design and
implementation of important uniform law instruments dealing with
international business contracts, as well as in the practice of
international commercial arbitration. Part III concludes the book
with an outline of what the conceptual grounding of trade usages
could be in the transnational law of commercial contracts.
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