Saturday, May 11, 2013
Brazil has become the 79th State Party to join the United Nations Convention on Contracts for the International Sale of Goods (CISG), Brazil becomes the 79th State Party to the Convention. The Convention will enter into force for Brazil on April 1, 2014.
The CISG provides an equitable and modern uniform framework for the contract of sale, which is the backbone of international trade in all countries, irrespective of their legal tradition or level of economic development. The CISG is considered to be one of the core conventions in international trade law. It establishes a comprehensive code of legal rules governing the formation of contracts for the international sale of goods, the obligations of the buyer and seller, remedies for breach of contract and other aspects of the contract.
From the UNCITRAL Website