Europe

Section 1 - General Provisions 62

Article 2.101 (ex art. 5.101) - Conditions for the Conclusion of a Contract 63

(1) A contract is concluded if: 64

• the parties intend to be legally bound, and 65
• they reach a sufficient agreement 66 without any further requirement. 67

Article 2.103 (ex art. 5.103) - Sufficient Agreement 71

1. There is sufficient agreement if the terms: 72

• have been sufficiently defined by the parties so that the contract can be enforced, or 73
• can be determined under these Principles. 74

2. However, if one of the parties refuses to conclude a contract unless the parties have agreed on some specific matter, there is no contract unless agreement on that matter has been reached. 75