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Governing Law and Forum Selection Form

Governing Law and Forum Selection Form

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[Music] okay now governing law jurisdiction these are no political important governing law is specifically becomes important when it comes to in when one party is located in another country suppose two parties are there one party is in India and other parties in Malaysia okay now two part this all depends on the negotiation down to both the parties decided that okay for the feasibility of the execution of the contract let the governing Lobby Indian laws all applicable laws all governing law will be internal or if for some reason the parties negotiate and they said okay the governing law will be that of Malaysia if two parties are situated in India there is nothing much to do India Indian laws will be as de facto applicable to both the parties chicken fine but when there is a clash of jurisdiction basically when there's two or more jurisdictions involved in one single agreement or single transaction in those cases it becomes important that you specify the governing law after nei

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