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FP6

A more coherent European contract law: an action plan. Communication from the Commission to the European Parliament and the Council. COM(2003) 68 final

Funded under: FP6-CITIZENS

Abstract

The European Commission is offering funding under the Sixth Framework Programme for studies to draw up a 'common frame of reference' for EU contract law, which underpins all internal market transactions within the EU. The research will contribute to the Commission's proposed creation of a more coherent body of EU contract law so as to facilitate more cross-border shopping and reduce red tape for business.

The research will be carried out within the context of the Commission's Action Plan, which summarises problems resulting from divergences between national contract laws in the EU, and seeks feedback on a suggested mix of non-regulatory and regulatory measures in order to solve those problems, including measures:
- to increase the coherence of the EC acquis in the area of contract law,
- to promote the elaboration of EU-wide general contract terms, and
- to examine further whether problems in the European contract law area may require nonsector-specific solutions such as an optional instrument.

Proposals will take into account a common frame of reference, which should provide for best solutions in terms of common terminology and rules, i.e. the definition of fundamental concepts and abstract terms like "contract" or "damage" and of the rules that apply for example in the case of non-performance of contracts.

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Record Number: 4898 / Last updated on: 2003-02-21
Category: COM DOCUMENT