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Governing law provisions allow the parties to a contract to agree that a particular state’s laws will be used to interpret the contract if there is ever a dispute. The drafting party may provide that a particular state’s law be applied in the event of a lawsuit because that state’s law is favorable in some way to that party. For example, large corporations often choose Delaware law because its laws often favor corporations.
Jurisdiction clauses are important to include in every agreement because they govern where the parties will have to go to resolve a lawsuit. The parties may reside in different cities or states so it is in the best interest of the party that drafts the agreement to include a jurisdiction clause that specifies the jurisdiction that is most convenient for the drafting party.
Governing law clause: This Agreement and all matters arising out of or relating to this Agreement shall be governed by and construed in accordance with the laws of the State of Texas.
Jurisdiction clause:Governing law provisions allow the parties to a contract to agree that a particular state’s laws will be used to interpret the contract if there is ever a dispute. Jurisdiction clauses are important to include in every agreement because they govern where the parties will have to go to resolve a lawsuit.
Full-service law firm concentrating on private equity, mergers & acquisitions, real estate, and general corporate law. We have served businesses of all sizes, from startups to established companies.
Full-service law firm concentrating on private equity, mergers & acquisitions, real estate, and general corporate law. We have served businesses of all sizes, from startups to established companies.
RAM Law Firm Group © 2023. All Rights Reserved. Powered by Technoholic Advance Solutions
RAM Law Firm © 2023. All Rights Reserved. Powered by Technoholic Advance Solutions
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RAM Law Firm © 2023. All Rights Reserved. Powered by Technoholic Advance Solutions
