TaxTMI 
TaxTMI 
Dear Experts,
Can anyone explain the features of Principal to Principal contract?
PRINCIPAL TO PRINCIPAL CONTRACT
29 Dec 2015 
2 Replies 
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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. (AI Summary)
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. (AI Summary)