Mohammad Karimi; MAJIDREZA ARABAHMADI
Abstract
How to administer contracts concluded in foreign trade, especially in relation to determining the appropriate law for managing disputes, has always been one of the challenging issues of contract law, which has been the subject of many discussions among jurists for decades. Examining the international ...
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How to administer contracts concluded in foreign trade, especially in relation to determining the appropriate law for managing disputes, has always been one of the challenging issues of contract law, which has been the subject of many discussions among jurists for decades. Examining the international commercial arbitration procedure shows that there are two important options for managing such contracts, which are the application of conflict resolution rules, which often lead to the application of a specific national law, and the other option is Lex Mercatoria, or transnational commercial law, which the main feature of its principles and rules is that it does not belong to a specific legal system, and in other words, its constituent principles and rules are extraterritorial. In this research, while analyzing the problems related to the application of conflict resolution rules in contracts concluded in international trade, we will show how to solve these problems through the application of Lex Mercatoria. The discussions raised in this article show that due to the many problems related to the application of national conflict resolution law, Lex Mercatoria can be a more efficient option for managing contracts concluded in foreign trade.
Mohammad Karimi; javad kashani; MAJIDREZA ARABAHMADI
Abstract
People expect to achieve the economic goals of concluding contracts in the light of the support provided by the principles and rules of contracts' law. Safeguarding contractual expectations is not enforceable unless the law can prevent opportunistic behaviors aimed at changing the allocation of contractual ...
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People expect to achieve the economic goals of concluding contracts in the light of the support provided by the principles and rules of contracts' law. Safeguarding contractual expectations is not enforceable unless the law can prevent opportunistic behaviors aimed at changing the allocation of contractual funds and prevent victimizing legitimate contractual goals and expectations. In carrying out this task, contract law can play an important role by relying on the principle of good faith as a general and flexible principle in this research, while exploring the concept of opportunism in the law of contracts and the economic justification for the need to combat it, we will outline the unique ability of good faith in preventing opportunistic behavior.The content of this study shows that goodwill assignment has an important role in preventing opportunistic behavior, and it is therefore necessary to pay attention to the rights of contracts in any legal system.
