Motivated by applications in the field of shape analysis, we study reparametrization invariant, fractional order Sobolev-type metrics on the space of smooth regular curves Imm(S 1 , R ) and on its Sobolev completions ℐ (S 1 , R ). We prove local well-posedness of the geodesic equations both on the Banach manifold ℐ (S 1 , R ) and on the Fréchetmanifold Imm(S 1 , R ) provided the order of the metric is greater or equal to one. In addition we show that the -metric induces a strong Riemannian metric on the Banach manifold ℐ (S 1 , R ) of the same order , provided > 3 2 . These investigations can be also interpreted as a generalization of the analysis for right invariant metrics on the diffeomorphism group.