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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.
Forum Selection Clause
A contract provision that specifies which court will have jurisdiction in the event of a legal dispute
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