The Contracts for International Sale of Goods (CISG) is a legal framework that governs the international sale of goods. It provides rules and regulations for the formation, interpretation, and performance of contracts between parties from different countries. The CISG applies to contracts for the sale of goods between parties whose places of business are in different countries that have ratified the CISG. It aims to promote uniformity and predictability in international trade by establishing common rules for the sale of goods. The CISG covers various aspects of the contract, including the obligations of the buyer and seller, the passing of risk, the remedies for breach of contract, and the determination of damages. It is an important tool for international trade as it provides a standardized legal framework that parties can rely on when entering into contracts for the sale of goods across borders.
The CISG, or Contracts for International Sale of Goods, is a set of international rules governing the formation of contracts for the international sale of goods and the rights and obligations of the parties to such contracts.
The CISG has been adopted by over 90 countries, including major trading nations such as the United States, China, and members of the European Union.
The CISG applies to contracts for the sale of goods between parties whose places of business are in different countries, provided that both countries are parties to the CISG.
Yes, parties can opt out of the CISG by expressly excluding its application in their contract. However, such exclusion must be clearly stated in the contract.
The CISG covers a wide range of issues, including the formation of contracts, the obligations of the buyer and seller, remedies for breach of contract, and the calculation of damages.
Under the CISG, a contract for the international sale of goods is formed when there is an offer, acceptance, and consideration between the parties.
Yes, the CISG can be used in conjunction with other laws, such as domestic contract law, to the extent that they are not inconsistent with the CISG.
The CISG does not apply to contracts for the sale of certain types of goods, such as goods bought for personal, family, or household use, or for auction sales.
To ensure compliance with the CISG, parties should carefully review the provisions of the CISG and seek legal advice to ensure that their contracts are in line with its requirements.
This site contains general legal information but does not constitute professional legal advice for your particular situation. Persuing this glossary does not create an attorney-client or legal adviser relationship. If you have specific questions, please consult a qualified attorney licensed in your jurisdiction.
This glossary post was last updated: 5th April 2024.
To help you cite our definitions in your bibliography, here is the proper citation layout for the three major formatting styles, with all of the relevant information filled in.
- Page URL:https://dlssolicitors.com/define/contracts-for-international-sale-of-goods/
- Modern Language Association (MLA):Contracts For International Sale Of Goods. dlssolicitors.com. DLS Solicitors. May 09 2024 https://dlssolicitors.com/define/contracts-for-international-sale-of-goods/.
- Chicago Manual of Style (CMS):Contracts For International Sale Of Goods. dlssolicitors.com. DLS Solicitors. https://dlssolicitors.com/define/contracts-for-international-sale-of-goods/ (accessed: May 09 2024).
- American Psychological Association (APA):Contracts For International Sale Of Goods. dlssolicitors.com. Retrieved May 09 2024, from dlssolicitors.com website: https://dlssolicitors.com/define/contracts-for-international-sale-of-goods/
Our team of professionals are based in Alderley Edge, Cheshire. We offer clear, specialist legal advice in all matters relating to Family Law, Wills, Trusts, Probate, Lasting Power of Attorney and Court of Protection.
All author posts