(24) `currency` means a medium of exchange currently approved or accepted by a national or foreign government. The term includes a monetary unit of account established by an intergovernmental organization or by agreement between two or more countries. (12) “Contract”, as opposed to “Contract”, means the entire legal obligation arising from the agreement of the parties in accordance with the Unified Commercial Code in addition to other applicable laws. “Specialty Contract Merriam-Webster.com Dictionary, Merriam-Webster, www.merriam-webster.com/dictionary/specialty%20contract. Accessed November 27, 2020. (40) “Term” means a part of an agreement dealing with a specific matter. (26) “party” as opposed to “third party” means a person who has participated in a transaction or who has entered into an agreement subject to the Single Commercial Code. (b) Subject to definitions in other articles of the Uniform Commercial Code applicable to certain articles or parts thereof, States may express their consent to be bound by an “exchange of letters/notes”. The basic feature of this procedure is that signatures do not appear on a letter or note, but on two separate letters or notes. The agreement therefore consists of the exchange of letters or notes, each of the parties having a letter or note in its possession signed by the representative of the other party. In practice, the second letter or note, usually the letter or note in response, usually reflects the text of the first. In a bilateral treaty, letters or notes may also be exchanged to indicate that all necessary internal procedures have been completed.

A modus vivendi is an instrument used to incorporate an international agreement of a temporary or provisional nature, which is intended to be replaced by an agreement of a more permanent and detailed nature. It is usually created informally and never requires ratification. The terms of this Agreement will be reviewed annually and if at any time the ITF and the Company mutually agree to any changes and/or additions to this Agreement, such changes and additions shall be agreed in writing and signed by the parties and deemed incorporated into the Special Agreement. In recent centuries, State practice has developed a variety of terms for international instruments by which States define rights and obligations among themselves. The most commonly used terms are the subject of this overview. However, a whole series of additional terms were used, such as “statutes”, “alliances”, “agreements” and others. Despite this diversity of terminology, there is no exact nomenclature. In fact, the meaning of the terms used varies and changes from one State to another, from one region to another and from one instrument to another. Some terms can be easily exchanged: an instrument called an “agreement” can also be called a “treaty”. Article 102 of the Charter of the United Nations provides: “Any treaty or international agreement concluded by a Member of the United Nations after the entry into force of the present Charter shall be registered and published by that Member as soon as practicable.” Contracts or agreements that are not registered may not be invoked before any organ of the United Nations.

Registration promotes transparency and the availability of contractual texts to the public. Article 102 of the Charter and its predecessor, Article 18 of the Covenant of Nations, have their origin in one of Woodrow Wilson`s fourteen points in which he sets out his idea of the League of Nations: “Open alliances of peace that have been openly concluded, according to which there shall be no private international agreement of any kind, but diplomacy will always be open and public.” The term “amendment” refers to the formal modification of the contractual provisions that affect all parties to the respective agreement. These modifications must be made with the same formalities as those that accompanied the initial formation of the contract. Many multilateral treaties set out specific requirements that must be met in order for amendments to be adopted. In the absence of such provisions, amendments require the consent of all parties. (35) `security right` means a security right in personal property or personal movable property that secures the payment or performance of an obligation. “security right” means all the interests of a shipper and a purchaser of accounts, furniture, an intangible payment or a promissory note in a transaction subject to Article 9. The “security right” does not include the particular security right of a buyer of goods in the identification of those goods for a contract of sale in accordance with article 2 (505), the right of a seller or lessor of goods under article 2 or 2A to retain or take possession of the goods is not a “security right”, but a seller or lessor may also acquire a “security right”; in accordance with Article 9. The retention of title or retention of title of a seller regardless of shipment or delivery to the buyer in accordance with § 2-401 is effectively limited to a reservation of a “security right”. Whether a transaction in the form of a lease establishes a “security right” is determined by § 1-203.

Article 102 of the Charter of the United Nations provides that “any treaty or international agreement concluded by a State Member of the United Nations after the entry into force of the present Charter shall be registered with and published by the Secretariat as soon as possible”. All treaties and international agreements registered or submitted and registered with the Secretariat since 1946 are published in the UNTS. The terms “treaty” and “international agreement” referred to in Article 102 of the Charter cover the widest range of instruments. Although the United Nations General Assembly has never established a precise definition of the two terms and has never clarified their mutual relations, art. 1 of the provisions of the General Assembly implementing Article 102 of the Charter of the United Nations, according to which the obligation to register applies to any treaty or international agreement, “regardless of its form and descriptive name”. In the practice of the Secretariat under Article 102 of the Charter of the United Nations, the terms “treaty” and “international agreement” include a variety of instruments, including unilateral obligations, such as declarations by new States Members of the United Nations accepting the obligations of the Charter of the United Nations, declarations on the acceptance of the mandatory jurisdiction of the International Court of Justice under Article 36(2) of its Statute, and certain unilateral declarations, binding obligations between the reporting nation and other nations. .