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United Nations Convention On The Limitation Period In The International Sale Of Goods 1980 (New York, 14 June 1974/ Vienna, 11 April 1980) (Complete - Including Amending Protocol)
United Nations (UN)
copy @ Lex Mercatoria
1. This Convention shall determine when claims of a buyer and a seller against each other arising from a contract of international sale of goods or relating to its breach, termination or invalidity can no longer be exercised by reason of the expiration of a period of time. Such period of time is hereinafter referred to as "the limitation period".
2. This Convention shall not affect a particular time-limit within which one party is required, as a condition for the acquisition or exercise of his claim, to give notice to the other party or perform any act other than the institution of legal proceedings.
3. In this Convention:
(a) "buyer", "seller" and "party" mean persons who buy or sell, or agree to buy or sell, goods, and the successors to and assigns of their rights or obligations under the contract of sale;
(b) "creditor" means a party who asserts a claim, whether or not such a claim is for a sum of money;
(c) "debtor" means a party against whom a creditor asserts a claim.
(d) "breach of contract" means the failure of a party to perform the contract or any performance not in conformity with the contract;
(e) "legal proceedings" includes judicial, arbitral and administrative proceedings;
(f) "person" includes corporation, company, partnership, association or entity, whether private or public, which can sue or be sued;
(g) "writing" includes telegram and telex;
(h) "year" means a year according to the Gregorian calendar.
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