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Author Topic: choice of law and jurisdiction in a business contract  (Read 208 times)

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Offline firozmm

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choice of law and jurisdiction in a business contract
« on: December 09, 2017, 01:50:34 PM »
Is it common to put multiple choice of law and jurisdiction in a business contract?

The scenario is that this business contract is an international contract, a company originated from x place and it formed a branch in another Y country. The Company is appointing agents to market its business in the place of the branch in Y country, the agents are from the company's original x place. The agent wants to make both the company and its branch to be liable and in case of any dispute as the agent want to be able to sue the company in its original place and branch place at the same time or separately or one after another or which suites the agent at that time.

Any answers?

Also, need to know whether the jurisdiction of a business contract lies only in the place of business?

Offline advamrita

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Re: choice of law and jurisdiction in a business contract
« Reply #1 on: December 10, 2017, 06:44:01 PM »
The place of jurisdiction will be where the indian company is registered.

The main international company is automatically going to be a party as the indian registered company will be a subsidiary company.

In most of these contracts you wil see in the agreement, in matters of dispute. To be referred to arbitration.

 

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