NEWSLETTER-2017

10 NEWSLETTER 2017 ternational merchants that certain standards have to be accepted for certain transactions, there is no doubt that the development of lex mer- catoria would benefit greatly from it 15 . Further, ICC Model Contracts contribute to the wider use of other forms of soft law instruments, such as Unidroit Principles, by promoting them to be chosen as governing laws. Conclusion It is an undisputed fact that ICC Model Contracts are part of the soft law. The ICC has been one of the forerunners among international nongovernmental organizations that aims to develop lex mercatoria through soft law instruments. Among many of these soft law instru- ments put forward by the ICC, ICC Model Contracts hold an important place with their well-balanced, user-friendly format, and their capabil- ity to reflect international practice. 15 Erdem, p. 517.