International business transactions



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OUTLINE International Business Transactions
Nachfrist Period

  • CISG seeks to reduce uncertainty around fundamental breach by employing concept of notice and a reasonable opportunity to cure the breach  Nachfrist period

  • Under Art 49(1)(b), in any case of non-delivery by seller, the buyer has the right to avoid the contract if seller does not deliver conforming goods after buyer gives notice of non-delivery and offers a reasonable cure period

  • Under Art 64(1)(b), the seller has the right to avoid the contract if buyer fails to cure the breach after the seller gives notice of the breach and offers a reasonable cure period



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