Name: Zainab Ghazanfar

16065524-005
rd
LLM 3 SEMESTER
Presentation Topic

Article 2.1.3

Withdrawal of an Offer
 UNIDROIT PRINCIPLES OF
INTERNATIONAL
COMMERCIAL CONTRACTS
2016
 FUNCTION
• Intended to

Help harmonize international

commercial contracts law
EDITIONS WHICH WAS PUBLISHED IN

• 1994
• 2004
• 2010
• 2016
 CHAPTER 2
• FORMATION AND AUTHORITY OF
AGENTS
• ARITCLE 2.1.3
WITHDRAWAL OF OFFER
 ARTICLE 2.13

• WITHDRAWAL OF OFFER

• AN OFFER BECOMES EFFECTIVE WHEN IT

REACHES TO OFFEREE

• WITHDRAWAL OF OFFER
WHEN AN OFFER BECOMES EFFECTIVE

• WHEN IT REACHES TO OFFERE

• NOTICE (1.10(2))
• A notice is effective when it
reaches the person to whom it is
given.
 WITHDRAWAL OF AN OFFER
• AN OFFER EVEN IF IT IS
IRREREVOCABLE,MAY BE WITHDRAWN

• CONDITION
• IF THE WITHDRAWAL REACHES THE
OFFEREE BEFORE
• AT THE SAME TIME AS THE OFFER
 REASONS
• OFFEROR IS FREE TO CHANGE ITS
MIND
• DECIDE NOT TO ENTER INTO THE
AGREEMENT
• REPLACE THE ORIGINAL OFFER BY
NEW ONE
 DISTINCTION BETWEEN
WITHDRAWAL AND REVOCATION
• WITHDRAWAL
BEFORE AN OFFER BECOMES
EFFECTIVE IT CAN ALWAYS BE
WITHDRAWAL
 REVOCATION

• UNTIL THE CONTRACT IS CONCLUDED

AN OFFER MAY BE REVOCKED IF THE
REVOCATION REACHES THE OFFEREE
BEFORE IT HAS DISPATCHED AN
ACCEPTANCE (2.1.4)