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The UNIDROIT Principles of International Commercial Contacts, published in 1994, are an entirely new approach to international contract law. Prepared by a group of eminent experts from around the world as a ""restatement"" of international commercial contract law, the Principles are not a binding instrument but are referred to in many legal matters. They are widely recognized as a balanced set of rules designed for use throughout the world irrespective of the legal traditions and the economic and political conditions of the countries in which they are applied.;Since their appearance the UNIDROIT Principles have met with extraordinary success within the international legal and business communities. A large number of States have already taken the Principles as a source of inspiration in their law reform projects. Business persons increasingly rely on them to negotiate and draft international contracts. Arbitrators and judges more and more frequently resort to them to settle transnational commercial disputes. ""The UNIDROIT Principles in Practice"" provides a comprehensive collection of international case law and bibliographic materials relating to the Principles.