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A Standard Clause allowing the contract parties in a cross-border transaction to designate the language in which the contract is written and interpreted.
To write effective and enforceable business contracts, you need to include a number of contract clauses. These include indemnification, force majeure, copyright, termination, warranties and disclaimers, and privacy.
Sample wording: ?Neither party may assign this agreement or any rights or obligations herein without the prior written consent of the other party.? Cancellation clauses: These allow either party to terminate the contract under specific conditions, often requiring advance notice.
Definition. The contract language consists of clauses, terms, lines, line definitions and the formatting, and any pre-execution attachments. You can modify the language only when the contract is in the Draft or In Negotiation status.
Example: Language Clause This contract is made in the English language. Where the is any conflict in meaning between the English language version of this agreement and any version or translation of this agreement in any other language, the English language version shall prevail.