Jurisdiction

From The Jolly Contrarian
Revision as of 16:12, 15 February 2021 by Amwelladmin (talk | contribs)
Jump to navigation Jump to search
The Jolly Contrarian’s Glossary
The snippy guide to financial services lingo.™
File:Juris-my-diction.jpg
Jurisdiction chat, yesterday.
Index — Click the ᐅ to expand:
Tell me more
Sign up for our newsletter — or just get in touch: for ½ a weekly 🍺 you get to consult JC. Ask about it here.

Hey, I’m just doing my job. You give me that juris-my-diction crap, you can cram it up your ass.”

—A subject matter expert to a middle manager in The Matrix

Generally speaking, the flavour of courts who have power to resolve any litigation concerning your agreement. In a cross-border agreement it is usual to state the governing law and whose courts have jurisdiction; in a purely domestic agreement they will not, it's being assumed that local law and local courts will always prevail.

There is always fun[1] to be had arguing over whether jurisdiction should be exclusive or non-exclusive, and what counts as a convenient forum.

See also

References

  1. It is all relative, you understand. Fun is the one thing money can’t buy.