Jurisdiction and Dispute Settlement. The parties express their commitment to fulfilling their respective obligations in good faith and bringing to fruition all of the negotiations that are needed to honour this agreement in a satisfactory manner. Any disputes stemming from the interpretation, fulfilment or execution of the terms of this agreement must be resolved by mutual agreement between the parties. When such an agreement is not forthcoming, the courts of Barcelona must settle any dispute between the parties regarding the interpretation or fulfilment of the terms of this agreement. The parties submit to their jurisdiction and authority and renounce any other courts that may correspond to them, except in the case of issues that fall outside of this jurisdiction.
Jurisdiction and Dispute Settlement. The competent court in Jerusalem shall have exclusive jurisdiction over any matter, including disputes, arising out of and/or in connection with the execution of this Agreement.
Jurisdiction and Dispute Settlement. 一）本协议及股权转让中的行为均适用中华人民共和国法律。
Jurisdiction and Dispute Settlement. 16.1. This Agreement must be governed by and interpreted in accordance with the Laws of the Federative Republic of Brazil.
Jurisdiction and Dispute Settlement. 1 The Issuer and the Investors acknowledge that ISIN code has not been granted to the Issue as of date of the Final Terms because the Bonds of this Issue have not been registered in the Register as of the date of the Final Terms. The Investors authorise the Issuer to add ISIN code of the Bonds of this Issue to Section 2.6.14 of the Final Terms in hand- written form upon registration of the Bonds of this Issue in the Register. No separate or additional signing of the Final Terms or the amendment is needed. After adding ISIN code of the Bonds as set forth above in this Section, such addition becomes inseparable and valid addition to the Final Terms.
Jurisdiction and Dispute Settlement. Jurisdiction refers to which set of laws will govern the interpretation of contractual terms and will be applied in the event of a dispute. While in some respects contract law will have some common 306 Morioka (2009), Chapter 6. 307 See the example of Japanese pharmaceutical firm Eisai Co., Ltd.’s venture to commercialize products from biological resources in Indonesia in the Indonesia case study found in UNCTAD (2011a). The venture was discontinued due to the inability to commercialize products from samples taken from bioprospecting. elements from country to country, laws can and do differ substantively, as well as in how judges in the country may interpret certain contractual terms. It is beyond the scope of this handbook to discuss such differences, however. In the context of negotiating a contract across borders, parties will need to assess whether the designation of a certain jurisdiction as controlling law will be more or less advantageous to their interests. Generally, in the context of an MTA, the choice will be whether the controlling law will be that of the provider country or that of the user country. The question of what happens in the event of a dispute is made even more important because the location of the arbiter of a dispute may have an impact on the provider’s ability to access the justice system. If the arbiter is to be the domestic courts, developed countries tend to argue that developing country courts are unreliable and unfamiliar with IP issues. If the provider agrees to the designation of a foreign court of law to resolve disputes that cannot be settled amicably, then the provider may be forced to defend him or herself at great expense in a foreign and often distant court of law, and subject to their civil procedure rules which may be disadvantageous (such as a rule that requires all filings to be submitted in a language foreign to the provider). Some contracts will call for arbitration in the event of a dispute. Arbitration is basically a private, professional court. Recourse to arbitration may be binding (mandatory) or non-binding. The idea behind the choice of arbitration as a dispute resolution forum is generally that it is private and that it tends to be quicker than a court of law. As mentioned above, one argument used by parties in developed countries is that the courts in developing countries do not necessarily have the capacity to adjudicate on technical cases. Arbitration venues may be located anywhere in the world. The ch...
