Methodology of Contract Formation

The manner of contract formation is an important issue in the field of contract law. The traditional approach divides an agreement into two elements: offer and acceptance. After analyzing any of these elements and their relations, the question that whether contract is concluded will be replied. The parelle approach, which supplements the traditional one, considers that modern transactions often require long and elaborate negotiations and the doctrine of offer and acceptance cannot applied for proving existnce of contracts. Under this approach it is not necessary to discover offer and acceptance. The latter, whch is the result of complicated, long-term and more detailed negotiiations for conclusion of some contracts, is suitable solution. The article deals with the explabnation and justification of the recent approach in term of national law and conventions and legal principles of international law.