/læst ʃɒt ruːl/ – Phrase
Definition: Quy định rằng nếu có nhiều hơn một hợp đồng vi phạm, hợp đồng cuối cùng vi phạm sẽ được áp dụng.
A more thorough explanation: the principle of contract law which says that the last set of terms sent before a contract is performed is the governing agreement. For example, in a typical sales contract the buyer accepts the terms by paying. If the seller’s form was the last document to be sent before payment it constitutes the contract under the last shot rule.
Example: The Uniform Commercial Code in the US has rejected the last shot rule for handling the battle of the forms.