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16 July, 09:26

Which of the following refers to a clause in a contract that identifies the state law that will apply to any disputes that arise under the contract

forum selection clause.

escalator clause.

omnibus clause.

reserve clause.

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  1. 16 July, 10:39
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    Forum selection clause

    Explanation:

    Forum selection clause is a provision that is usually a part of all written contractual agreement that are commercial in nature. It aims to indicate where a litigation of a dispute relating to a written contract can be carried out. Therefore, the courts of a specific jurisdiction saddled with the responsibility of hearing and settling a dispute is indicated by the clause.

    Choosing between a state court in particular state and another one in another states can allow be allowed by the forum selection when it is permissive.
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Home » Business » Which of the following refers to a clause in a contract that identifies the state law that will apply to any disputes that arise under the contract forum selection clause. escalator clause. omnibus clause. reserve clause.
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