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Business Litigation
- Partnership Disputes: Protection for Oppressed Minority Shareholders
- Why You Must Look at Your Shareholder agreement Differently when Faced with A Shareholder or Partner Dispute
- Franchise Litigation: Understanding the Role of Discovery in Franchise Litigation
- Termination of Your Gas Station Contracts: Renewal Protections Afforded by The New Jersey Franchise Practices Act
- Partnership Disputes: When Your Partners Construct a "Pre-Text" to Terminate Your Legal Rights
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Business Litigation
- New Jersey Partnership Law: Important Resources
- New Jersey Shareholder and Partner Disputes: Important Factors to Consider to Protect Your Business and Equity Interests
- Options When a Business Partner Withholds Information Business Records
- Property Rights of a Business Partner in New York
- Is Your Trademark Likely to Cause Confusion? The Lapp Test
What is a "forum selection clause".
A: A "forum selection clause" is a clause added to a business agreement that restricts where a party may commence a lawsuit in the event of a dispute. For example, if party A resides in New Jersey and party B resides in New York, party A may request a forum selection clause (to be added to the contract between A and B) that states that in the event of any dispute that the courts of the State of New Jersey shall have sole and exclusive jurisdiction over the case. Adding this clause to the contract between A and B would be advantageous to A since any lawsuit (involving the contract between A and B) would be litigated in A's home state. When signing a business agreement, always pay attention to forum selection clauses and consider the additional costs and expenses that you may be required to incur by having to commence and/or defend against a lawsuit in another state.
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New York, New Jersey
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