This article posted on our partner site Mondaq.com discusses the importance of a choice of law and venue clause and why they are beneficial for a contracting party. They state that one’s laws may be more beneficial to you than another. The article also presents two different types of choice of law clauses, the mandatory jurisdiction and the permissive jurisdiction. The article states that if a contracting party wants a certain jurisdiction with no exception, they should sue the mandatory clause whereas if the party would option of filing elsewhere.
This comes to you as a part of Clausehound’s exciting new collaboration with Mondaq!