Abstract
Abstract: The recent Commission’s Action Plan on a more coherent European Contract Law is another important step in the discussion about perspectives for the future of European Contract Law. To start with, this document suggests, as a first measure, improving the existing and future acquis communitaire in the field of contract law. This is to be achieved by means of a so-called Common Frame of Reference, which will be developed in order to help both in revising the existing acquis communitaire and in preparing new proposals. In addition, the Action Plan envisages the development of general business conditions valid throughout Europe via the exchange of information, and it embarks upon further reflections about having an optional instrument of European Contract Law. Parties can then make a choice of law for the latter next to their national laws.
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