Results for tag: "General Rules Of Interpretation"

The General Rules of Interpretation (GRI) are a set of guidelines used in international trade to ensure that contracts are interpreted in a consistent and fair manner. The GRI are based on the principle of good faith and aim to provide a framework for resolving disputes between parties. They are designed to ensure that all parties involved in a contract are aware of their rights and obligations. The GRI are based on the Vienna Convention on the Law of Treaties and the United Nations Convention on Contracts for the International Sale of Goods. They provide guidance on the interpretation of contracts, including the meaning of words and phrases, the application of the law, and the resolution of disputes. The GRI are widely used in international trade and are accepted by many countries. They are also used by international organizations such as the World Trade Organization and the International Chamber of Commerce. Some companies in the market include Cargill, Inc., Archer Daniels Midland Company, Bunge Limited, and Louis Dreyfus Company. Show Less Read more