A Forum-Selection Clause Indicates the Place for the Resolution of a Dispute

question 16

True/False

A forum-selection clause indicates the place for the resolution of a dispute arising under a contract.

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Definitions:

Workers Paid

Workers Paid refers to the total compensation, including wages, salaries, and benefits, given to employees for their labor.

Firms

Business organizations or entities engaged in commercial, industrial, or professional activities, aiming to generate profits through the provision of goods or services.

Workers

Individuals engaged in any form of economic activity to earn wages or salary.

Market Wage

The prevailing rate of pay for work in a particular field or occupation in the competitive market.