Price and terms of payment in the contract of sale

Due to important differences and risks in international trade, firms pay due attention to the legal background of their contractual relationships. To do this, they use a variety of contracts, the most important of which is the contract of sale. In this paper I will analyse two requisites of a contract of sale: the price and the terms of payment. The first part of the paper deals with the examination of the regulation of these requisites in the law of five selected countries and in the international law (the United Nations Convention on Contracts for the International Sale of Goods). In the second part I will compare two concrete contracts of sale and assess their quality. The last part is then devoted to the definition of the main problems of the examined regulation and to the search of their possible solutions