Jurisdiction: Difference between revisions

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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.
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<ref>It is all relative, you understand. Fun is the one thing money can’t buy.</ref>to be had arguing over whether [[jurisdiction]] should be [[Exclusive jurisdiction|exclusive]] or [[Non-exclusive jurisdiction|non-exclusive]], and what counts as a [[forum non conveniens|convenient forum]].
There is always fun<ref>It is all relative, you understand. Fun is the one thing money can’t buy.</ref> to be had arguing over whether [[jurisdiction]] should be [[Exclusive jurisdiction|exclusive]] or [[Non-exclusive jurisdiction|non-exclusive]], and what counts as a [[forum non conveniens|convenient forum]].


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Latest revision as of 16:12, 15 February 2021

The Jolly Contrarian’s Glossary
The snippy guide to financial services lingo.™
Jurisdiction chat, yesterday.


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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.