original_query: What is the purpose of the Principles of European Contract Law (PECL)?
query: What is the purpose of the Principles of European Contract Law (PECL)?
answer: The PECL aims to elucidate basic rules of contract law common to most EU member states,  creating a uniform European contract law system to promote trade and eliminate insecurity in international transactions by offering a fair legal construct for business dealings that doesn't favor any particular jurisdiction.  It also serves as a reference for judges and arbitrators in cross-border disputes and as a potential basis for a future European Code of Contracts.