ABSTRACT
Current financial law is characterized by a widespread and growing use of two forms of contracts: 'standard' or 'framework' contracts and 'model' contracts. This chapter provides some information on the method that was adopted. It circumscribes what is of interest to them in the body of law referred to somewhat ambiguously as 'financial law' and characterized by the use of the contracts. The chapter covers the use of standard and model contracts; and examines their relationship with national law and their implications for multijuralism. Standard contracts occupy a truly central, inescapable role in the financial world. The economic benefits of standard contracts, especially for business firms, are numerous. Responses to the survey point the necessity of both complying with the mandatory provisions of existing national law and completing it through model and standard contracts. International influence is such that the default clause in the event of filing for bankruptcy is found in many domestic contracts between French business firms.
