Jurisdiction

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The Jolly Contrarian’s Glossary
The snippy guide to financial services lingo.™


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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.

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.