(a) Except as otherwise provided in this section, when a transaction bears a reasonable relation to this state and also to another state or nation the parties may agree that the law either of this state or of such other state or nation shall govern their rights and duties.
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Terms Used In Alabama Code 7-1-301

  • following: means next after. See Alabama Code 1-1-1
  • Lease: A contract transferring the use of property or occupancy of land, space, structures, or equipment in consideration of a payment (e.g., rent). Source: OCC
  • state: when applied to the different parts of the United States, includes the District of Columbia and the several territories of the United States. See Alabama Code 1-1-1
(b) In the absence of an agreement effective under subsection (a), and except as provided in subsection (c), this title applies to transactions bearing an appropriate relation to this state.
(c) If one of the following provisions of this title specifies the applicable law, that provision governs and a contrary agreement is effective only to the extent permitted by the law so specified:

(1) Section 7-2-402;
(2) Sections 7-2A-105 and lease to choose applicable law and judicial forum” class=”unlinked-ref” datatype=”S” sessionyear=”2023″ statecd=”AL” title=”7″>7-2A-106;
(3) Section 7-4-102;
(4) Section 7-4A-507;
(5) Section 7-5-116;
(6) Section 7-8-110;
(7) Sections 7-9A-301 through 7-9A-307.
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