/ˈprɪnsəpl ʌv ˈpɑrti ɔːˈtɒnəmi/ – Phrase
Definition: nguyên tắc tự chủ của bên hợp đồng.
A more thorough explanation: The principle of party autonomy, also known as the principle of autonomy of will, is a fundamental concept in contract law that allows parties to freely determine the terms and conditions of their agreement. It gives parties the right to choose the governing law of their contract, as well as the jurisdiction where any disputes arising from the contract will be resolved. This principle is recognized in many legal systems around the world and is considered essential for promoting freedom of contract and facilitating international trade.
Example: In the contract dispute, the court upheld the principle of party autonomy, emphasizing that the parties have the freedom to determine the terms of their agreement without interference from external sources.