Common use of GOVERNING LAW AND JURISDICTION Clause in Contracts

GOVERNING LAW AND JURISDICTION. In accordance with the law, it is stipulated that all actions for public liability brought with respect to voluntary public auctions are limited to five years from the auction or sale. French law exclusively governs these terms and conditions of purchase. Any dispute relating to their existence, validity, applicability to any bidder and buyer and their performance will be settled by the competent court in the jurisdiction of Paris (France).