An Ontario company and a New Jersey company enter into a contract with each other. The contract has a venue clause naming Ontario, and a governing law clause naming Rhode Island, and a mediation clause which states that in the event of a dispute the parties must attempt mediation before suing. Which of the following statements is TRUE?
A) Any lawsuit over the contract will be heard in Ontario.
B) Any lawsuit over the contract will be governed by the laws of Rhode Island.
C) Any lawsuit over the contract will be governed by the laws of Ontario
D) Both A and B
E) None of the above
Correct Answer:
Verified
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