(2) The choice of law must be express or clearly demonstrated from the terms of the contract. In a standard-form contract drafted primarily by only one of the parties, any choice of law must be express and conspicuous.
(3) The choice of law may be made or modified after the parties enter into the contract. Any choice of law made or modified after the parties enter into the contract must be by express agreement.
(4) Unless the parties provide otherwise, a choice of law or modification of that choice operates retrospectively to the time the parties entered into the contract. Retrospective operation under the provisions of this subsection may not prejudice the rights of third parties. [Formerly 81.120]
Structure 2021 Oregon Revised Statutes
Volume : 01 - Courts, Oregon Rules of Civil Procedure
Section 15.300 - Definitions for ORS 15.300 to 15.380.
Section 15.320 - Specific types of contracts governed by Oregon law.
Section 15.330 - Capacity to contract.
Section 15.350 - Choice of law made by parties.
Section 15.355 - Limitations on choice of law by parties.
Section 15.360 - General rule.
Section 15.380 - Presumptive rules for specific types of contracts.
Section 15.400 - Definitions for ORS 15.400 to 15.460.
Section 15.410 - Characterization.
Section 15.415 - Localization and other factual determinations.
Section 15.420 - Determining domicile.
Section 15.430 - Claims governed by Oregon law.
Section 15.435 - Product liability civil actions.