The idea of building a European Contract Law was born in the 1990s. It represents an aspiration for the European Union to construct a harmonised set of principles and standards to govern contractual relations within the Single Market. The building blocks of European Contract Law can be discovered in European Union legislation, comparative enquiries into the similarities and differences between national legal systems, broader international sources of standards, and theoretical reflections on the appropriate principles for governing transactions. The aspiration to build a common legal framework for contracts out of these diverse materials springs in part from the desire to realise the market freedoms on which the European Community was founded, and in part from a deeper search for common European values and principles of social justice that will enhance in economic matters the solidarity of the peoples of Europe.
Print ISSN: 1614-9920
Volume: 1, 05/2005
Pages: 1 - 2