/ˈloʊkəs ˈrɛdʒɪt ˈæktəm/ – Latin Phrase
Definition: hình thức hợp đồng được xác định theo pháp luật của nơi ký kết.
A more thorough explanation: “Locus regit actum” is a Latin legal term that translates to “the place governs the act.” In legal terms, it refers to the principle that the law governing a particular transaction or event is determined by the jurisdiction where the transaction or event took place. This principle is often used in conflicts of law cases to determine which jurisdiction’s laws apply to a particular situation.
Example: The principle of locus regit actum dictates that the law governing a contract is determined by the place where the contract was made.