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Boilerplate Clauses, International Commercial Contracts and the Applicable Law

ISBN: 9780521197892
Publisher: Cambridge University Press
Edition: 1
Publication Date: 2011-04-29
Number of pages: 426
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  • Regular price $114.41

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Description


With the aim of creating an autonomous regime for the interpretation and application of the contract, boilerplate clauses are often inserted into international commercial contracts without negotiations or regard for their legal effects. The assumption that a sufficiently detailed and clear language will ensure that the legal effects of the contract will only be based on the contract, as opposed to the applicable law, was originally encouraged by English courts, and today most international contracts have these clauses, irrespective of the governing law. This collection of essays demonstrates that this assumption is not fully applicable under systems of civil law, because these systems are based on principles, such as good faith and loyalty, which contradict this approach.

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