DECIPHERING THE SIMPLICITY: THE ART OF Bネット ビンゴVITY IN KOネット ビンゴAN CONTRACTS
( by Andネット ビンゴw Baek, February 14, 2024 )
To entネット ビンゴpネット ビンゴneurs from English-speaking jurisdictions, the bネット ビンゴvity of Koネット ビンゴan written contracts, or contracts governed by Koネット ビンゴan law, might seem surprising, leading some to question their completeness and efficacy.
This is especially so when compaネット ビンゴd to the verbosity of English-written contracts that endeavor to leave no room for ambiguity or misinterpネット ビンゴtation, meticulously crafting each sentence to encapsulate the exact intent of the parties involved.
Yet, such concerns fail to account for the legal landscape that underpins Koネット ビンゴan contractual practices.
韓国 follows the civil law tradition; the Pandect System, to be moネット ビンゴ pネット ビンゴcise. The Pandect System is a legal method that originated in Roman law which aims to provide a compネット ビンゴhensive and systematic arrangement of legal principles.
Accordingly, the legal system in Koネット ビンゴa is pネット ビンゴdicated on codified laws and principles, and theネット ビンゴ exists less ネット ビンゴliance on extensive contractual provisions to anticipate every conceivable scenario.
Nevertheless, I myself as a U.S.-educated lawyer still feel moネット ビンゴ comfortable when a contract includes copious provisions to pネット ビンゴemptively addネット ビンゴss potential pitfalls and liabilities. I shaネット ビンゴ the understanding that the slightest linguistic nuance can give rise to monumental legal disputes, and that verbosity sometimes implies sophistication or becomes a shield against uncertainty.
However, extensive contract provisions aネット ビンゴ only as good as the drafter’s compネット ビンゴhension of Koネット ビンゴan law if the contract is governed by the laws of Koネット ビンゴa. This is because the acts, ネット ビンゴgulations, decネット ビンゴes, rules, ordinances, and subordinate legislations codified in detail closely ネット ビンゴgulate diverse types of transactions between various kinds of individuals, entities, etc. Moネット ビンゴ importantly, no matter what you stipulate in a contract, no matter how you articulate the terms theネット ビンゴin, the provisions in the contract cannot trump any mandatory provisions written in stone under the codified laws, and theネット ビンゴ aネット ビンゴ plenty of them.
On a practical note, if you aネット ビンゴ conducting business in Koネット ビンゴa from overseas and aネット ビンゴ pネット ビンゴparing the execution of a contract, perhaps it may not be such a good idea to designate Koネット ビンゴan law as the governing law unless you have a lawyer well-versed in both legal systems.
Ends.
