Sentences with phrase «jurisdiction clause specifying»

Not exact matches

Governing law and jurisdiction clause A governing law clause enables the parties to specify the system of law that will apply to the interpretation of an agreement and its effect if a dispute arises.

Next, let's imagine a dispute between members of different faiths where the agreement was documented by the more powerful litigant and imposes a mandatory mediation clause requiring the mediator to be of a specific faith (similar to specifying the governing jurisdiction clause that most agreements now contain).