Governing Statute Sample Clauses
The Governing Statute clause establishes which jurisdiction's laws will be used to interpret and enforce the agreement. In practice, this means that if a dispute arises, the rules and legal principles of the specified state or country will apply, regardless of where the parties are located or where the contract is performed. This clause provides certainty and predictability for both parties by clarifying which legal framework governs their relationship, thereby reducing the risk of confusion or conflict over applicable laws.
POPULAR SAMPLE Copied 2 times
Governing Statute. This MOU is entered into pursuant to the ▇▇▇▇▇▇-▇▇▇▇▇▇-▇▇▇▇▇ Act (“MMBA”), Government Code Section 3500 et seq.
Governing Statute. The UCC shall govern the rights, duties and remedies of the parties and any provisions herein declared invalid under any law shall not invalidate any other provision or this Agreement.
Governing Statute. These Share Provisions shall be governed by and are subject to the applicable provisions of the Act and all other laws binding upon the Corporation and, except as otherwise expressly provided herein, all terms used herein which are defined in the Act shall have the meanings respectively ascribed thereto in the Act.
Governing Statute. The Arbitration conducted under this Agreement shall be governed by, and conducted in accordance with, the provisions of the ARBITRATIONS ACT, 1991 (Ontario), unless the Arbitration is "international" as defined in the UNCITRAL Model Law on International Commercial Arbitration, in which event the INTERNATIONAL COMMERCIAL ARBITRATION ACT (Ontario) shall apply.
Governing Statute. This Agreement and all transactions, assignments ----------------- and transfers hereunder, and all rights of the parties, shall be governed as to validity, construction, enforcement and in all other respects by the laws of the state of New York, without regard to such state's internal conflicts of laws principles.