Contracts Sometimes Contain a Provision Reciting That Disputes Between the Parties

question 80

Multiple Choice

Contracts sometimes contain a provision reciting that disputes between the parties regarding matters connected with the contract must be litigated in the courts of a particular state.What is such a provision called?

• A)Choice of law clause
• B)Forum selection clause
• C)Substantive clause
• D)Minimum contacts clause

---

Definitions:

Competition

The rivalry among businesses to sell their goods and services to consumers, which can drive innovation and keep prices low.

Soviet Union

A former federative socialist state in Eurasia that existed from 1922 to 1991, known for its communist government.

Production Targets

Specific goals set by a company or within a project to produce a certain amount of goods or services within a specified time frame.

Innovations

The introduction of new ideas, devices, or methods, often leading to improvements in efficiency, effectiveness, or utility.