International Model Law
The International Model Law refers to a set of guidelines created to harmonize legal practices across different countries. It aims to provide a consistent framework for various legal issues, such as commercial transactions and dispute resolution, making it easier for businesses to operate internationally.
These laws are often developed by organizations like the United Nations Commission on International Trade Law (UNCITRAL). By adopting these model laws, countries can improve their legal systems, promote trade, and enhance cooperation in international legal matters.