PICC UNIDROIT Principles of International Commercial Contracts 2016
PICC
UNIDROIT Principles of International Commercial Contracts 2016
Zivilrecht
Int. Privat- & Wirtschaftsrecht
(1) If a contract concluded by an agent involves the agent in a conflict of interests with the principal of which the third party knew or ought to have known, the principal may avoid the contract. The right to avoid is subject to Articles 3.2.9 and 3.2.11 to 3. 2. 15.
(2) However, the principal may not avoid the contract
(a) if the principal had consented to, or knew or ought to have known of, the agent’s involvement in the conflict of interests; or
(b) if the agent had disclosed the con flict of interests to the principal and the latter had not objected within a reasonable time.
Source: UNIDROIT
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for ARTICLE 2.2.7 PICC
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