Answer :
Final answer:
To create certainty in contractual disputes regarding applicable laws, include specific legal clauses like choice of law, arbitration, choice of venue, and force majeure clauses.
Explanation:
Creating certainty regarding which country's laws will apply to disputes between parties in a contract involves incorporating specific legal clauses:
- Choice of Law Clause: This clause specifies which country's laws will govern the contract.
- Arbitration Clause: This clause outlines that any disputes will be resolved through arbitration, not litigation.
- Choice of Venue Clause: Determines the location where any legal proceedings will take place.
- Force Majeure Clause: Addresses unforeseeable circumstances that may prevent parties from fulfilling their contractual obligations.
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