Private international business contracts include a(n) clause so that the parties know which family of law is to be applied in case of a dispute and what nation's courts will be used.

Question

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A choice-of-forum clause specifies the jurisdiction (which court or arbitration tribunal) that will adjudicate the case, in case of a dispute. It also specifies the governing law that will be used to decide the case. This clause allows the parties to avoid ambiguity and possible disputes about jurisdiction and applicable law.

Private International Business Contracts Include A(n) Clause So That the Parties