Full Text

governing law

John O'Connell


Subject Business and Management » International Management


Extract

International contracts will often specify the country whose laws will be used to deal with any disputed areas of the contract. The law specified is referred to as governing law. Problems may arise when governing law is not the same as that which is stated to be jurisdictional (i.e., the country in which the dispute is lodged is different to the governing law country in the contract). Countries tend to allow governing specifications of a contract to stand when a contract has been properly drawn. There are no guarantees, however, that contract governing law statements will be upheld by the courts. ... log in or subscribe to read full text

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The Blackwell Encyclopedia of Management



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