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Offering common policy rules throughout the EU

THE EUROPEAN Commission announced in its Action Plan of February 12, 2003 (the "Communication from the Commission to the European Parliament and the Council - A more coherent European contract law - An action plan"; COM (2003) 68 final) and its Communication on "European Contract Law and the Revision of the Acquis: The Way Forward" of October 11, 2004 (COM (2004) 651 final) plans to set up a Common Frame of Reference (CFR) of European Contract Law.

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