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.
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