The summary of European Research Studies Journal: The Principle of International Trade Contract as Reference of Indonesian Contract Law
In the globalization era, contract law is important issue especially to support activities in the trade sector and international business transactions. However, bringing the relation of the parties with the international sphere is not a simple theme, because when the parties of international contract are in different counties, they face difficulties in determining the rights and obligations. So the solution for that problem must base on the theory of contract. Contract conduct an agreement known, oral or and written, which is related to social business or trade. In black law dictionary, contract interpreted as “An agreement between two or more persons which creates an obligation to do or not to do a particular thing. In Indonesia, either Adat (customary) law or the Indonesia Civil Code governs contracts. As we know, Indonesia Civil Code is a law adopted from Dutch, but still exists nowadays and use in Indonesia. From the Indonesia civil code, there are some principles and c...