THE LEGAL FRAMEWORK | CHOOSING APPLICABLE LAW

1. The legal dimensions of the contract can be safely ignored by the parties.

• True

• False

Fill in the blank: A contract is not just a list of ideas agreed upon, but rather an ____________ legal instrument.

Fill in the blank: Step 1 of the legal framework negotiation involves determining the ____________ law for the contract.

1. The parties should ensure that the document they are signing is a complete and entire agreement.

• True

• False

Fill in the blank: Step 4 in The Legal framework focuses on the ____________ involved in the contract.

1. Fill in the blank: Step 5 of the legal framework negotiation involves considering the circumstances under which the parties may wish to ____________ the agreement.

1. It is not necessary to establish a means of settling disputes before they arise.

• True

• False

Fill in the blank: The legal framework negotiation involves a total of ____________ steps.

How many important families of contract law?

• 2

• 3

• 4

• 5

The two important families of contract law are

• Continental Law & Common Law

• Common Law & Civil Law

• Civil Law & Anglo-American Law

• Continental Law & Anglo-American Law