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United Nation Convention on the Contracts for the International Sale of Goods

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The United Nations Convention on the Contracts for the International Sale of Goods (“CISG”) was adopted in 1980 and entered into force in 1988. The convention, drafted by the UNCITRAL, is an attempt to introduce a harmonized, fair and up-to-date legal regime for international sale of goods’ contracts. CISG, in fact, tries to provide a reasonable balance between the interests of both buyers and sellers in international contracts. For the time being (July 8, 2016), there are 85 states parties to the convention and 18 has signed it. The convention is now widely used as the applicable law of many international contracts for the sale of goods. Here you can read the official text of the convention.