Jurisdiction; Conflicts of Law. Each party hereby: (1) designates the federal and state courts of competent jurisdiction located in Cleveland, Ohio, as the exclusive courts of proper jurisdiction and venue of and for any and all lawsuits or other legal proceedings relating to this Agreement; (2) irrevocably consents to such designation, jurisdiction and venue; and, (3) waives any objection or defense relating to jurisdiction or venue with respect to any lawsuit or other legal proceeding initiated in or transferred to federal and state courts of competent jurisdiction located in Cleveland, Ohio. This Agreement shall be construed in accordance with the laws of the State of Ohio without regard to its principles regarding conflicts of laws.
Jurisdiction; Conflicts of Law. Each party hereby: (1) designates the federal and state courts of competent jurisdiction located in the District of Columbia, as the exclusive courts of proper jurisdiction and venue of and for any and all lawsuits or other legal proceedings relating to this Agreement; (2) irrevocably consents to such designation, jurisdiction and venue; and, (3) waives any objection or defense relating to jurisdiction or venue with respect to any lawsuit or other legal proceeding initiated in or transferred to federal and state courts of competent jurisdiction located in the District of Columbia. This Agreement shall be construed in accordance with the laws of the District of Columbia without regard to its principles regarding conflicts of laws. Mutual Binding Arbitration: Applicant and VIS® agree that any claims or controversies, whether such claims or controversies arose prior to, on, or subsequent to the date of this Agreement, which they bring against each other, the Administrator or any of the present or former officers, directors, employees, agents, or representatives of Applicant, VIS®, or the Administrator shall be resolved by binding arbitration in the District of Columbia. Applicant and VIS® agree that the results of the arbitration shall be final and binding, the arbitrator’s award is not required to include factual findings or legal reasoning, and that their rights to appeal or to seek modification of rulings by the arbitrator is strictly limited. Applicant and VIS® shall agree to the arbitrator. If they do not, VIS® shall provide Applicant with the names of two additional arbitrators which are members of the American Arbitration Association, of which Applicant shall select one. Except for contrary provisions contained in this section, Applicant and VIS® agree that all arbitration shall be governed by the rules of the American Arbitration Association. Headers: Headers in this Agreement are used for organizational purposes and shall not be interpreted to convey any meaning. Incorporation of Terminology from “Terms and Conditions of Insurance” and “Application for
