16.06.20, 15)29 The Principles of Latin American Contract Law (PLACL) A Presentation on the Essential Components - beck-online Seite 1 von 37 https://beck-online.beck.de/Print/CurrentMagazine?vpath=bibdata…rentDoc&actionname=Index&gesamtversionpath=&exportFormat=print ZEuP 2020, 418 418 419 420 423 425 426 430 433 434 437 441 442 446 448 449 451 452 453 419 de la Maza Gazmuri/Vidal Olivares: The Princi- ples of Latin American Contract Law (PLACL) A Presentation on the Essential Components The Principles of Latin American Contract Law (PLACL) A Presentation on the Essential Components by Iñigo de la Maza Gazmuri, Santiago de Chile, and Álvaro Vidal Olivares, Valparaiso Übersicht I. Introduction II. The Principles III. The Definition of a Contract and its Elements IV. The Formation of Consent V. Unilateral Withdrawal from Preliminary Negotiations VI. Defects of Consent VII. Contract Nullity VIII. Content of a Contract IX. Performance of the Contract X. Non-performance of the Contract: A Broad and Objective Notion XI. The Notion of Fundamental Non-performance and Acts by Third Parties XII. Plurality of Types of Relief for the Obligee XIII. The Claim for Specific Performance XIV. Price Reduction XV. Termination Due to Non-performance XVI. Effects of Termination XVII. Suspension XVIII. Compensation for Damages This article intends to present some of the most salient issues of the Principles of Latin American Contract Law (PLACL), from general principles to contract formation, breach of contract and remedies. I. Introduction The Principles of Latin American Contract Law (hereinafter, indistinctly, the PLACL or the Principles) constitute an effort animated by two purposes. The first corresponds to a kind of restatement of contract law at the Latin American level. In this restatement, the Civil Codes of the countries of the region have been extremely relevant, especially the Chilean and the new de la Maza Gazmuri/Vidal Olivares: The Principles of Latin American Contract Law (PLACL) A Presentation on the Essential Components (ZEuP 2020, 418) * ** 1