International Contracts Face Venue Risks: Impact of Jurisdiction Agreements
Jurisdiction clauses in international contracts help parties avoid legal risks by choosing where disputes will be resolved. Different types of jurisdiction clauses have different effects on parties' rights and obligations. Common-law countries like the UK and Australia have well-developed laws on jurisdiction clauses. The US, however, lacks uniformity in its practices. The research explores these differences and aims to help parties understand and choose the right type of jurisdiction clause for their contracts.