Common Contracts
1 similar International Treaty contracts
The European Union – From Reciprocity to LoyaltyInternational Treaty • September 2nd, 2008
The international agreement, the treaty, has borrowed many of its legal traits from the area of private contract law. It was, after all, from the beginning a contract between sovereign princes. The treaty establishes mutual, reciprocal obligations between parties. A serious treaty violation by one of the parties entitles the other party to suspend the treaty or even to annul it,1 and the possibility to relinquish the treaty by reference to ”clausula rebus sic stantibus”2 is closely related to the principle of contractual conditions.
