Principles of European Contract Law:Artikel 1:301 Meaning of Terms

Principles of European Contract Law

Artikel 1:301 Meaning of Terms

Geldend

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In these Principles, except where the context otherwise requires:

(1)

‘act’ includes omission;

(2)

‘court’ includes arbitral tribunal;

(3)

an ‘intentional’ act includes an act done recklessly;

(4)

‘non-performance’ denotes any failure to perform an obligation under the contract, whether or not excused, and includes delayed performance, defective performance and failure to co-operate in order to give full effect to the contract.

(5)

a matter is ‘material’ if it is one which a reasonable person in the same situation as one party ought to have known would influence the other party in its decision whether to contract on the proposed terms or to contract at all;

(6)

‘written’ statements include communications made by telegram, telex, telefax and electronic mail and other means of communication capable of providing a readable record of the statement on both sides

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