Contract law in the BRICS countries: a Comparative Approach

Having considered the importance of commercial transactions in the ambit of BRICS, the paper comparatively addresses the contract law systems in the five BRICS countries. The aim of the paper is to investigate the way to establish a methodological approach based on a comparative methodology to pave the way for the future development of common principles on contract law in the BRICS countries. Other experiences aiming to achieve the same objective elsewhere (the UNIDROIT Principles of International Commercial Contracts, EU Common Frame of Reference, Principles of European Contract Law, Principles of Asian Contract Law) will be considered as possible inspiration for such an endeavor.