MLchartDataset catalogue

Governing law

Term · Law · MLC-T-LAW-002331

The specific jurisdiction's laws that parties agree will apply to their contract or legal relationship. This clause in an agreement determines which set of legal rules will be used to interpret the contract and resolve any disputes. Parties often choose the governing law of a jurisdiction with well-developed commercial laws.

Table 1. Record
IdentifierMLC-T-LAW-002331
FieldLaw
Record as JSON 
{
  "id": "MLC-T-LAW-002331",
  "term": "Governing law",
  "field": "Law",
  "definition": "The specific jurisdiction's laws that parties agree will apply to their contract or legal relationship. This clause in an agreement determines which set of legal rules will be used to interpret the contract and resolve any disputes. Parties often choose the governing law of a jurisdiction with well-developed commercial laws.",
  "url": "https://mlchart.com/terminology/law/governing-law/"
}

Record 2,240 of 5,441 in Law terminology (MLC-0107). Request the full dataset.