Governing Law in Contracts: Navigating the Nuances of Jurisdiction and Practicalities
The seemingly straightforward governing law clause in any contract holds immense power, acting as the legal compass that guides the interpretation and enforcement of an agreement. While its fundamental purpose—to specify which legal system will apply in a dispute—remains constant, its practical application, particularly in dispute resolution forums like adjudication and arbitration, presents a fascinating array of challenges and jurisdictional distinctions. This post demonstrates how governing law truly operates across different legal systems. …
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