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

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Definitions:

Purist Approach

A methodology that emphasizes strict adherence to traditional principles or practices in a particular field, without adopting modern variations or innovations.

Pragmatic Approach

A practical, realistic method of dealing with problems or situations, based on practical rather than theoretical considerations.

Organizational Success

The achievement of the goals and objectives set by an organization through effective strategies, planning, and management.

Team-Building

A process or series of activities designed to enhance social relations and define roles within teams, often involving collaborative tasks.