Rechtsbegriffe in internationalen Wirtschaftsverträgen

Legal Terms of Art in International Commercial Contracts. Rarely will a contract be free of terms that have specific meanings in legal contexts. This is especially true in the highly professionalized realm of cross-border commercial transactions. Some of the transactional attorney's lexicon could even be considered to constitute a standard terminology. However, the exact recognized usage of a specific term will often differ from one jurisdiction to the next, and this can lead to considerable uncertainty in the practice of international business law. So it is no surprise that case law and scholarship perennially devote a great deal of attention to this kind of issue at the national level. This article critically examines different jurisdictions' approaches to these issues, some of which appear to be marred by serious misunderstandings. Where this is so, this study aims to introduce clarity by suggesting viable principles instead.