Pacta sunt servanda (
Latin for "pacts must be respected"), is a
Brocard, a basic principle of
civil law and of
international law.In its most common sense, the principle refers to private
contracts, stressing that contained
pacts and
clauses are
law between the parties, and implies that non-fulfilment of respective
obligations is a breach of the pact. The general principle of correct behaviour in commercial
praxis — and implies the
bona fide — is a requirement for the efficacy of the whole system, so the eventual disorder is sometimes punished by the law of some systems even without any direct
damages incurred by any of the parties.
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Agreements are to be kept. (Cicero)
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