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Pacta Sunt Servanda

This entry contains information applicable to United States law only.

[Latin, Promises must be kept.] An expression signifying that the agreements and stipulations of the parties to a contract must be observed.

 
 
Latin Phrase: Pacta sunt servanda

Treaties should be respected

 
Wikipedia: pacta sunt servanda

Pacta sunt servanda (Latin for "pacts must be respected"), is a Brocard, a basic principle of civil law and of international law.

In its most common sense, the principle refers to private contracts, stressing that contained pacts and clauses are law between the parties, and implies that non-fulfilment of respective obligations is a breach of the pact. The general principle of correct behaviour in commercial praxis — and implies the bona fide — is a requirement for the efficacy of the whole system, so the eventual disorder is sometimes punished by the law of some systems even without any direct damages incurred by any of the parties.

With reference to international agreements, "every treaty in force is binding upon the parties to it and must be performed by them in good faith".[1] Pacta sunt servanda is based on good faith. This entitles states to require that obligations be respected and to rely upon the obligations being respected. This good faith basis of treaties implies that a party to the treaty cannot invoke provisions of its domestic law as justification for a failure to perform.

The only limit to pacta sunt servanda is jus cogens (Latin for "compelling law"), the peremptory norms of general international law.

Notes

  1. ^ From the Vienna Convention on the Law of Treaties, signed at Vienna on May 23, 1969, entered into force on January 27, 1980, art. 26, and the Vienna Convention on the Law of Treaties between States and International Organizations or between International Organizations, signed at Vienna on March 21, 1986, not yet entered into force, art. 26.

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Copyrights:

Law Encyclopedia. West's Encyclopedia of American Law. Copyright © 1998 by The Gale Group, Inc. All rights reserved.  Read more
Answers Corporation Latin Phrase. © 1999-2008 by Answers Corporation. All rights reserved.  Read more
Wikipedia. This article is licensed under the GNU Free Documentation License. It uses material from the Wikipedia article "Pacta sunt servanda" Read more

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