Concept information
Preferred term
choice of forum clause
Definition
- As global trade increases so does the number of contracts between parties in different countries. If, as may easily happen, a dispute arises out of a contract it is very important to both parties to know which court or body has the authority to decide that dispute. [Source: Encyclopedia of Business in Today's World; Choice of Forum Clause]
Broader concept
Belongs to group
URI
https://concepts.sagepub.com/social-science/concept/choice_of_forum_clause
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