European Union
One of the overarching goals of the European Union is the harmonization of private law as part of the development of the internal market. The acquis communautaire refers to the body of European Union ("EU") law that must be adopted by each Member State upon joining the European Union. A significant part of the acquis includes uniform commercial law, which is a tool in developing the internal market. The harmonization of contract law among EU member states has occurred thus far by the passage of directives and regulations, two types of EU legislation.
The EU has made strides in this area and the European Commission in 2003 set forth an action plan on the harmonization of contract law within the EU [A More Coherent European Contract Law: An Action Plan, COM (2003) 68 (12 February 2003), 2003 O.J. (C 63) (March 15, 2003)]. The Action Plan is a joint effort of the Internal Market, Enterprise and Health Protection and Consumer Affairs Directorates General of......
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