PRINCIPAL TO PRINCIPAL CONTRACT

[DR.MARIAPPAN GOVINDARAJAN]

Dear Experts,

Can anyone explain the features of Principal to Principal contract?

[DR.MARIAPPAN GOVINDARAJAN]

I have also seen the link you have cited. But it does not explain the features of the principal to principal contract. This contract is mainly utilized in the transactions made by the business between countries. Now the said principle is also made applicable in the domestic business. I could not find any article or any book on this subject. This has been misconstrued in many a litigation.

[Ganeshan Kalyani]

I just opened this query to go the link posted earlier, however it is not to be found here.

AI Summary

Principal-to-principal contract: used in cross-border transactions and increasingly domestically, but poorly defined, leading to litigation uncertainty. Principal-to-principal contracts are described as a contracting mode chiefly used in cross-border business and increasingly in domestic commerce; the forum discussion records a lack of explanatory literature, missing cited links, and notes that the principle has been misconstrued in litigation, producing legal uncertainty and a need for clearer doctrinal exposition.