Section 709
Governing Law Of Contract To Be As Determined By Parties
(1)
The governing law of any contract shall be as determined in the
contract by its parties.
(2) If no law is determined pursuant to sub-section (1),
such a contract shall be governed by the law of the country of its
performance, and if even such a country cannot be ascertained, by
the law of the country where it was concluded.
Provided that a contract concluded in Nepal shall be
governed by the law of Nepal.