An international agreement which regulates international business by spelling out the rights and obligations of the seller and buyer is known as ________.

Question

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The acronym CISG stands for the United Nations Convention on Contracts for the International Sale of Goods. It is a widely adopted international agreement that governs the formation, performance, and breach of contracts for the sale of goods between businesses from different countries. The CISG provides a set of uniform rules that ensure a level playing field for buyers and sellers and promote international trade by reducing legal barriers and uncertainties.

An International Agreement Which Regulates International Business by Spelling Out