United Nations Convention on Contracts for the International Sale of Goods
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Description:
The United Nations Convention on Contracts for the International Sale of Goods (CISG) is a treaty offering a uniform international sales law that, as of August 2010, has been ratified by 76 countries that account for a significant proportion of world trade, making it one of the most successful international uniform laws. Turkey is the most recent state to have ratified the Convention.
The CISG allows exporters to avoid choice of law issues as the CISG offers ‘accepted substantive rules on which contracting parties, courts, and arbitrators may rely’.