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“Contract is Law” — Myth or Reality in International Commercial Contracts?

The phrase “contract is law” reflects one of the oldest principles of commercial law: parties are generally free to define the terms of their relationship, and courts will enforce those terms as binding obligations. In international commerce, where parties often come from different legal systems and commercial cultures, this principle becomes even more important. Businesses […]

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Force Majeure in Contracts During War

The force majeure clause is a critical provision in commercial and civil contracts. It is designed to address exceptional events beyond the control of the parties that prevent them from fulfilling their contractual obligations. Its importance grows during international crises, such as wars or armed conflicts, which disrupt supply chains, trade, and transportation. With the

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