Jurisdiction(s):
United Kingdom

Related legal acts

Key definition

Contract definition

What does Contract mean? In legal practice, a contract is the enforceable agreement by which parties set out promises and allocate risk, whether made orally, in writing or by conduct. The law of contract is principally case-law driven across England & Wales, Scotland, Northern Ireland and Ireland, with statutory interventions on formalities, construction and consumer protection. In England & Wales, Northern Ireland and Ireland, formation generally requires offer, acceptance, consideration and an intention to create legal relations. In Scotland, consideration is not required; a contract is formed by agreement (consensus in idem) with the necessary intention, with writing only needed in defined cases. Key features...

Applicable law for insurance contracts under UK Rome I (Article 7): large and non-large risks, risk location, mandatory insurance, life assurance, reinsurance, and UK Rome II overlap

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Practice notes

Practice Note

This Practice Note assists with identifying the Applicable law for Contracts concluded on or after 1 January 2021. For agreements entered into before that date, the UK courts apply a different applicable law framework, which varies according to when the contract was made. For detailed guidance, see the following resources:

Practice Note: Applicable law—a guide for dispute resolution practitioners
Practice Note: Assimilated law

In this Practice Note, UK Rome I refers to Regulation (EC) 593/2008. That regulation governs the choice of law where the contract was entered into on or after 1 January 2021. Previously called Retained Rome I, from 1 January 2024 it has been retitled Assimilated Rome I—the change is in name only; the regulatory provisions are unchanged. Authorities may Use either designation, and therefore, for consistency, this Practice Note adopts the term UK Rome I. This Practice Note examines the insurance contract provisions within UK Rome I. It provides definitions and explains the differing rules applicable to large risks and non-large risks...

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Mark Pring

Reed Smith LLP

Mark is a London-based partner in Reed Smith's Insurance Recovery Group, a market-leading team of coverage experts operating internationally who are committed to providing support only to insured policyholders. Mark has had extensive experience, for nearly 30 years, in handling high-value, multi-jurisdictional insurance and other commercial disputes (including cross-border litigation and arbitration proceedings). In the insurance context, that experience has covered a range of non-marine and marine risks - including professional indemnity, financial institutions, directors' and officers' liability, property, energy and construction risks. Mark's practice also increasingly involves "risk management" work, including advising on corporate governance matters, reviewing anti-corruption policies and procedures and conducting reviews of insurance arrangements. Having previously lived and worked in the region, Mark continues to work closely with clients from, and investors into, Middle East jurisdictions. He has also developed a strong reputation for assisting...

Thomas Morgan

Reed Smith LLP

Tom is an Associate in the Global Commercial Disputes Group at Reed Smith LLP.Tom has experience in a wide range of contentious matters conducted in the English High Court. Tom has particular experience in insurance recovery, commercial litigation, and banking and financial services disputes....

Web page updated on 21/05/2026

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