Why does governing law matter? Isn't it all in the contract, anyway?

Updated: Mar 30

A Governing law clause within the context of a contract will be used to stipulate which country’s law will apply if contractual disputes arise.


This clause will be crucial in the event of a contractual dispute as this will save parties both time and money due to the fact that parties will not have to dispute over which laws and jurisdiction applies.


A holistic understanding of governing law clauses will help you negotiate for the best law and jurisdiction for your contractual position.


Read more about Governing law here.



Disclaimer

Please note that this document is not legal advice. Legly, and its representatives, are not responsible for the content herein or the suitability for your company’s business. We recommend you use this in conjunction with legal advice and not as a substitute.


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