The Development of the Principles of Agreement in Cross Border Contract Amid COVID-19 Outbreak
- DOI
- 10.2991/978-2-38476-208-8_17How to use a DOI?
- Keywords
- Cross Border; Covid -19 Outbreak; Offer and Acceptance
- Abstract
Cross-border contracts can be more complicated than domestic contracts because they must adhere to the laws and regulations of multiple countries, including those governing taxation, tariffs, import and export controls, intellectual property rights, and dispute resolution. In addition to the usual commercial and financial considerations, parties entering into cross-border contracts may need to consider cultural differences, language barriers, and legal systems. The UPICC can play a significant role in international agreements by providing a common framework for parties to use when drafting and negotiating contracts and promoting good faith and fair dealing in business relationships. The research method is to make a legal analysis of the UPICC provisions on the impact of the COVID-19 pandemic. The findings indicate Although the UPICC is not a legally binding framework, it can assist parties in navigating the complexities of cross-border transactions. Although the UPICC does not explicitly address COVID-19, its principles relating to good faith and fair dealing and the concept of hardship provide a mechanism for parties to negotiate and modify their contractual obligations in the event of unforeseen circumstances, such as a pandemic.
- Copyright
- © 2024 The Author(s)
- Open Access
- Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.
Cite this article
TY - CONF AU - Herny Indriyati AU - Irma Rachmawati Maruf AU - Purna Citra Nugraha PY - 2024 DA - 2024/02/17 TI - The Development of the Principles of Agreement in Cross Border Contract Amid COVID-19 Outbreak BT - Proceedings of the International Seminar on Border Region (INTSOB 2023) PB - Atlantis Press SP - 121 EP - 133 SN - 2352-5398 UR - https://doi.org/10.2991/978-2-38476-208-8_17 DO - 10.2991/978-2-38476-208-8_17 ID - Indriyati2024 ER -