Governing Substantive Law Clause Samples

The Governing Substantive Law clause establishes which jurisdiction’s laws will be used to interpret and enforce the terms of the contract. In practice, this means that if a dispute arises, the rights and obligations of the parties will be determined according to the specified legal system, such as the laws of a particular state or country. This clause provides predictability and reduces uncertainty by clarifying which legal rules apply, thereby helping to prevent conflicts over differing legal standards.
Governing Substantive Law. The arbitrator(s) shall determine the rights and obligations of the Parties according to the substantive laws of the State of Texas (excluding conflicts of law principles) as though acting as a court of the State of Texas.
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Governing Substantive Law. The Arbitral Panel shall apply the substantive law (and the law of remedies, if applicable) of the State of Delaware, or federal law or both, as applicable to the claim(s) asserted. The Arbitral Panel shall recognize all applicable privileges recognized by the law of the State of Delaware, or federal law or both, as applicable to the claim(s) asserted. The Parties expressly prohibit the Arbitral Panel from reaching decisions as amicable compounder/amiables compositeur, specifically, an Arbitral Panel is not authorized to ▇▇▇▇▇ the application of law in favor of natural equity. The Arbitral Panel shall have the authority to entertain a motion to dismiss, a motion for summary judgment and/or a motion for judgment as a matter of law and shall apply the standards governing such motions under the Federal Rules of Civil Procedure.
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Governing Substantive Law. The arbitrator shall determine the rights and obligations of the parties according to the substantive laws of the Province of Ontario (excluding conflicts of law principles) as though acting as a court of the Province of Ontario.
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Related to Governing Substantive Law

  • Governing Provisions This Agreement is made under and subject to the provisions of the Plan, and all of the provisions of the Plan are also provisions of this Agreement. If there is a difference or conflict between the provisions of this Agreement and the provisions of the Plan, the provisions of the Plan will govern. By signing this Agreement, the Grantee confirms that he or she has received a copy of the Plan.

  • Law Governing Agreement This Agreement shall be governed by and construed in accordance with the laws of the State of California.

  • GOVERNINGLAW That the rights and obligations of the parties under or arising out of this Agreement shall be construed and enforced in accordance with the laws of India for the time being in force.

  • Governing Rules Any arbitration proceeding will (i) proceed in a location in California selected by the American Arbitration Association (“AAA”); (ii) be governed by the Federal Arbitration Act (Title 9 of the United States Code), notwithstanding any conflicting choice of law provision in any of the documents between the parties; and (iii) be conducted by the AAA, or such other administrator as the parties shall mutually agree upon, in accordance with the AAA’s commercial dispute resolution procedures, unless the claim or counterclaim is at least $1,000,000.00 exclusive of claimed interest, arbitration fees and costs in which case the arbitration shall be conducted in accordance with the AAA’s optional procedures for large, complex commercial disputes (the commercial dispute resolution procedures or the optional procedures for large, complex commercial disputes to be referred to herein, as applicable, as the “Rules”). If there is any inconsistency between the terms hereof and the Rules, the terms and procedures set forth herein shall control. Any party who fails or refuses to submit to arbitration following a demand by any other party shall bear all costs and expenses incurred by such other party in compelling arbitration of any dispute. Nothing contained herein shall be deemed to be a waiver by any party that is a bank of the protections afforded to it under 12 U.S.C. §91 or any similar applicable state law.

  • Governing Plan This Award is granted pursuant to the Plan, which is incorporated herein for all purposes. The Participant agrees to be bound by the terms and conditions of the Plan, which controls in case of any conflict with this Agreement, except as otherwise provided for in the Plan. No amendment of the Plan shall adversely affect this Award in any material way without the written consent of the Participant.