Common use of Governing Law and Competent Jurisdiction Clause in Contracts

Governing Law and Competent Jurisdiction. This MOU shall be exclusively governed by and construed in accordance with the laws of the Grand- Duchy of Luxembourg. Upon failure of any amicable settlement within 15 days a dispute has been escalated to the respective Party’s management, such dispute shall be exclusively submitted to a court of competent jurisdiction of Luxembourg-Ville.

Governing Law and Competent Jurisdiction. This MOU shall be exclusively governed by and construed in accordance with the laws of the Grand- Grand-Duchy of Luxembourg. Upon failure of any amicable settlement within 15 days a dispute has been escalated to the respective Party’s management, such dispute shall be exclusively submitted to a court of competent jurisdiction of Luxembourg-Ville.