The Legal Validity of Self-Prescribed Rules of Interpretation and Construction of Contracts

  • Aparajita Haripriya Mannava
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  • Aparajita Haripriya Mannava

    Advocate, and a Graduate of LL.M. from OP Jindal Global University, India

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Abstract

While drafting a contract, the drafter takes into account the specific requirements of the involved parties. Depending on the complexity of the contract, this means that the contract drafters often self-prescribe the rules that the contract is governed under. However, are these rules valid? What statutory rules and regulations affect such liberty of the contract drafter? Do courts – both domestic and international – pay heed to such rules, or disregard them in favour of general principles - both legal and otherwise, such as the significance of the natural meaning of the contract’s language, upholding the general common-sense based practices in similar transactions, upholding public interest? This paper looks at the extent of liberty the drafters of a contract have and other choices that are available to the contract drafters when it comes to designing a tailor-made contract to fit the circumstances.

Type

Research Paper

Information

International Journal of Law Management and Humanities, Volume 5, Issue 6, Page 859 - 869

DOI: https://doij.org/10.10000/IJLMH.113851

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This is an Open Access article, distributed under the terms of the Creative Commons Attribution -NonCommercial 4.0 International (CC BY-NC 4.0) (https://creativecommons.org/licenses/by-nc/4.0/), which permits remixing, adapting, and building upon the work for non-commercial use, provided the original work is properly cited.

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