- applicable law
Particularly where there are parties to a contract from different countries, it is important to address not only applicable law (the law that governs the interpretation of the contract) but also in which country (e.g. the buyer's or seller's) in the event of a dispute the proceedings would take place and in what forum (e.g. Court /Arbitration/Alternative Dispute Resolution).
Easyform Glossary of Law Terms. — UK law terms.
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applicable law — governing law = proper law подлежащее применению право, право, которому подчинен договор или действия сторон во внедоговорных отношениях. Различают право, которому подчинен договор (lex contractus), право, которому подчинено арбитражное… … Glossary of international commercial arbitration
applicable — I adjective a propos, acceptable, adaptable, adapted to, appertaining, appliable, appropriate, apt, befit, befitting, belonging, fit, fitting, germane, pertinent, proper, relevant, right, sortable, suitable, to the point, usable, useful,… … Law dictionary
applicable accounting standards — Under the Companies Act 1985, as amended by the Companies Act 1989, the accounts of all companies other than small or medium sized companies have to state whether they have been prepared in accordance with applicable accounting standards and… … Law dictionary
applicable margin — USA applicable margin, Also known as interest rate margin or margin. In the context of loans, the percentage rate above LIBOR/ABR (or equivalent) charged by a lender (together comprising the total interest rate earned by a lender on the loan) … Law dictionary
applicable exclusion amount — The amount that a person can leave to any person or entity without paying federal estate tax. In addition, any property left to a qualifying charity or a spouse who is a U.S. citizen passes free of estate tax. (See also: marital deduction)… … Law dictionary
applicable to a class — index generic Burton s Legal Thesaurus. William C. Burton. 2006 … Law dictionary
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law, philosophy of — Introduction the formulation of concepts and theories to aid in understanding the nature of law, the sources of its authority, and its role in society. In English speaking countries the term “jurisprudence” is often used synonymously and is … Universalium
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