‘Boilerplate’ is the term often used to describe clauses, such as governing law and entire agreement clauses, that are so commonly found in commercial contracts that they often seem to have become standardised. Given that boilerplate clauses are so often in what looks like a standard form, how much attention do you really need to pay to them? Some recent cases have emphasised the importance of the boilerplate and other ‘standard’ contract provisions and phrases.
Choosing the governing law
A governing law clause lets the parties specify the system of law which will apply both to the interpretation of the contract and the resolution of any disputes that might arise from it....
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