The language of a modern international contract

Purpose: To answer the questions: what the language of the international contract is? What meaning it has when making, approving and implementing contractual rules and practices? What the role of law at international contract. To find out whether language makes persons transacting business abroad reach their aim and whether this aim correlates with the aim of sovereign states giving contractual rules the force and effect of law for the parties to the appropriate relations. Methodology: The problems concerned are viewed through the prism of practical methodology. Results: By answering the questions: What the language of the international contract is; What meaning it has when making, approving and implementing contractual rules and practices and What the role of law at this is, we endeavor to find out whether this language makes persons transacting business abroad reach their aim and whether this aim correlates with the aim of sovereign states giving contractual rules the force and effect of law for the parties to the appropriate relations. Novelty/originality/value: Currently we may admit that the Russian corporations enter into international contracts drafted not by jurists rather by managers of the projects which these corporations implement or by persons dealing with separate issues of the said implementation. The survey of this practice shows whether it is necessary or not to pay regard to what is given in such contracts to prevent or mitigate the losses that might be borne by the Russian corporations when implementing these contracts.