Express Choice of Law in Contracts Flashcards
1
Q
Are parties allowed to choose their own choice of law via contract?
A
yes;
Parties to a contract are generally free to choose a particular jurisdiction’s law to be applied for matters of contract interpretation through choice-of-law provisions.
2
Q
For matters of contract validity, how is choice of law determined?
A
For matters of contract validity, the parties may choose which law applies only if:
- The jurisdiction selected has some connection with the contract; AND
- The choice of law is NOT contrary to a substantial policy interest of another jurisdiction with a greater interest in the matter.