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The International Electronic Contract Concluded Over the Internet by Dr. Hamoudi Nasser
JOD
Get it by 5 Aug | Order in 5 Hours 11 Minutes
Regarding the international sale of goods contract, the Vienna Convention stands as one of the most significant works aimed at unifying the rules of international law for this type of contract. Drafted by the United Nations Commission on International Trade Law (UNCITRAL), work began in 1968 and led to two conventions in 1972: one on the formation of the contract and another on its effects. However, these conventions failed to gain traction due to a low number of ratifications, as many developing and socialist nations felt excluded from the Eurocentric preparatory work. Following subsequent efforts, the two were merged into a single draft convention, approved by the UN General Assembly on December 16, 1978 (Resolution 33/93). This draft was discussed and finalized at a diplomatic conference in Vienna from March 10 to April 11, 1980, becoming what is now known as the "Vienna Convention." Officially titled the "United Nations Convention on Contracts for the International Sale of Goods," it entered into force in January 1988. This occurred twelve months after the tenth instrument of ratification was deposited on December 11, 1986, as stipulated by Article 99. The convention has since achieved unparalleled widespread acceptance, making it one of the most successful international trade law conventions to date. Its success lies in its regulation of the international sale of goods contract, an instrument considered by many to be a cornerstone of human civilization. It provides a legal framework for relationships and facilitates the exchange of goods and services, organizing commercial and financial relations on both domestic and international economic levels.