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Foreign Corrupt Practices Act
A U.S. law that prohibits companies and their managers from making corrupt payments to foreign officials for the purpose of obtaining or keeping business.
Civil Law System
A legal system that is based on a comprehensive set of laws that are codified into a referable system, prevalent in countries like France and Germany.
Common Law System
A legal system characterized by case law, which is law developed by judges through decisions of courts and similar tribunals.
Choice-of-Law Clause
A provision in a contract that specifies which jurisdiction's laws will be used to interpret the agreement, typically chosen for its favorable laws towards the party imposing the clause.
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