Private Law Theory

“A choice-of-law clause is a contract provision that selects the law to govern the contract and claims relating to the contract. The purpose of a choice-of-law clause is to reduce legal uncertainty by prospectively selecting a law to govern the agreement between the parties. Choice-of-law clauses facilitate settlement because they identify the law that will be applied to resolve any potential dispute. They also reduce the cost of dispute resolution by making it unnecessary for the court to conduct a choice-of-law analysis should a dispute wind up in litigation …” (more)

[John Coyle, Transnational Litigation Blog, 7 July]

First posted 2022-07-07 14:00:18