Publications

There are various Anglo American legal system principles that regulate contracts at certain stages, and they are embodied in projects for the unification of international contract law. These principles reflect the philosophy of this legal system, especially when it comes to contract formation where it gives substantially more freedom to the parties. As an example to liberate them from the obligation to fix the “price” at the moment of formation. Regarding termination of the contract, they provide the possible victim of non-execution of obligation with the possibility of terminating the contract in an anticipatory way, in addition to, imposing the creditor to mitigate damages. The spread of Anglo American law worldwide has resulted from globalization and the economic and political influence of the United states. However, this is not the only reason. The Anglo American legal system has characteristics that give it an advantage over other systems, such as the Romano-Germanic system. The flexibility and the constant evolution are the main features of the Anglo American system.