PICCUNIDROIT Principles of International Commercial Contracts 2016

(Purpose of the Principles)

FORMATION AND AUTHORITY OF AGENTS

NON-PERFORMANCE

SECTION 1: NON-PERFORMANCE IN GENERAL

ARTICLE 7.1.1 (Non-performance defined)ARTICLE 7.1.2 (Interference by the other party)ARTICLE 7.1.3 (Withholding performance)ARTICLE 7.1.4 (Cure by non-performing party)ARTICLE 7.1.5 (Additional period for performance)ARTICLE 7.1.6 (Exemption clauses)ARTICLE 7.1.7 (Force majeure)

SECTION 2: RIGHT TO PERFORMANCE

ARTICLE 7.2.1 (Performance of monetary obligation)ARTICLE 7.2.2 (Performance of non-monetary obligation)ARTICLE 7.2.3 (Repair and replacement of defective performance)ARTICLE 7.2.4 (Judicial penalty)ARTICLE 7.2.5 (Change of remedy)

SECTION 3: TERMINATION

ARTICLE 7.3.1 (Right to terminate the contract)ARTICLE 7.3.2 (Notice of termination)ARTICLE 7.3.3 (Anticipatory non-performance)ARTICLE 7.3.4 (Adequate assurance of due performance)ARTICLE 7.3.5 (Effects of termination in general)ARTICLE 7.3.6 (Restitution with respect to contracts to be performed at one time)ARTICLE 7.3.7 (Restitution with respect to long-term contracts)

SECTION 4: DAMAGES

ARTICLE 7.4.1 (Right to damages)ARTICLE 7.4.2 (Full compensation)ARTICLE 7.4.3 (Certainty of harm)ARTICLE 7.4.4 (Foreseeability of harm)ARTICLE 7.4.5 (Proof of harm in case of replacement transaction)ARTICLE 7.4.6 (Proof of harm by current price)ARTICLE 7.4.7 (Harm due in part to aggrieved party)ARTICLE 7.4.8 (Mitigation of harm)ARTICLE 7.4.9 (Interest for failure to pay money)ARTICLE 7.4.10 (Interest on damages)ARTICLE 7.4.11 (Manner of monetary redress)ARTICLE 7.4.12 (Currency in which to assess damages)ARTICLE 7.4.13 (Agreed payment for non-performance)