Assessment of the Desirability of an Optional European Contract Law

Abstract

The comprehensive theoretical and empirical analyses presented in the previous two parts of this book have led to some valuable insights on European contract law and an optional European contract code. The theoretical Cycle of European Contract Law model helped to gain a better understanding of the competitive and innovative processes that develop between the legislative instruments currently governing cross-border transactions in Europe. It then helped to predict the effects that introducing an optional European contract code would have on European contract law. The empirical association analyses provided some useful answers to the question as to whether practitioners differentiate between the dispute resolution forum and the applicable contract law when deciding between them for a cross-border transaction.