Local view for "http://purl.org/linkedpolitics/eu/plenary/2011-06-08-Speech-3-431-500"
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"en.20110608.20.3-431-500"2
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"Divergences in European contract law end up discouraging businesses from engaging in cross-border trade and keep them from benefiting from opportunities and gains which the Internal Market offers. Consequently, consumers are also disadvantaged by limited product choice, higher prices and lower quality due to weak cross-border competition. In this regard, we wish to introduce some innovations, including business-to-business and business-to-consumer contracts regulated by an optional instrument that would enlarge the parties’ choice, and the introduction of a monitoring and review mechanism in order to ensure that the optional instrument keeps up with market needs and legal and economic developments. Simplicity and readiness for use should be a key objective. Provisions on sale of goods merit priority, as do service contracts. Finally, the introduction of a trust mark system would ensure additional consumer protection. Choosing the right way forward in the area of contract law can make a significant contribution to improving the functioning of the Internal Market and opening up its full potential for businesses, in particular, small and medium-sized enterprises, and consumers."@en1
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