The rule that statutes in derogation of the common law are to be strictly construed shall have no application to this section.

It is the policy of this section to give maximum effect to the principle of freedom of contract and to the enforceability of governing instruments.

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Terms Used In South Dakota Codified Laws 47-14A-95

  • Common law: The legal system that originated in England and is now in use in the United States. It is based on judicial decisions rather than legislative action.
  • Contract: A legal written agreement that becomes binding when signed.

Source: SL 2001, ch 245, § 95.