Topic 6 - International contracts (Rome 1)

Question 1

What is an international contract?

Answer 1

A contract between two or more countries with foreign elements

Question 2

What the examples of agreements?

Answer 2

1) Confidentiality agreement
2) Agency agreement
3) Distribution of goods and services
4) Franchise agreement
5) Shares/Business/Heavy assets
6) Transportation/logistics

Question 3

What is a distribution agreement?

Answer 3

The wish to obtain the right to market and to

exclusively or to not distribute the principal’s products.

Question 4

What is an agency agreement?

Answer 4

An intermediary in business operations and transactions,

which negotiates and concludes such transactions on behalf of and in the name of a principal.

Question 5

What does article 1 of the Rome treaty include?

Answer 5

Subject matter: contractual obligations, civil and commercial matters

Question 6

What does article 2 of the Rome treaty include?

Answer 6

Universal application; any law specified by this regulation shall be applied whether or not it is the law of a member state

Question 7

What does article 3 of the Rome treaty include?

Answer 7

Party autonomy (freedom of choice)

Question 8

What does article 4.1 of the Rome treaty include?

Answer 8

1) Sale of goods
2) Service
3) Tenancy
4) Franchise
5) Distribution