Common use of Legal Action and Costs Clause in Contracts

Legal Action and Costs. Without waiving the Dispute Resolution provisions of this Agreement, the Bank may take legal action (including collection action) against you and you agree to pay all collection costs whether or not awardable as court costs (including the cost of Bank staff) and reasonable attorney’s fees (including those of salaried Bank employees). If the Bank sues to collect and you win the lawsuit, the Bank will pay your court costs and reasonable attorney’s fees. Also, you agree that regardless of where you reside, the Bank may initiate legal action against you in the State of California and you hereby submit yourself to jurisdiction of the courts therein.