Abstract
in its Action Plan of 12 February 2003 (the “communication from the commission to the European Parliament and the council – A more coherent European contract law – An action plan”)1 and its communication on “European contract law and the Revision of the Acquis: the Way Forward” of 11 October 20042, the European commission announced the establishment of a common Frame of Reference of European contract law. According to the commission’s Action Plan of 12 February 2003, the CFR shall comprise Definitions and Rules and both shall be accompanied by comments and Notes. the comments will contain explanations and illustrations of the proposed Rules. the Notes will give reference to the status quo of contract law in the Member States as well as the existing acquis communautaire. the cFR will be drafted in order to establish a set of rules which provide the definitions, structure and contents of European contract law developed through a comparative legal analysis of national contract laws.3 Strictly speaking, these
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