forum selection and choice of law clause

A forum selection clause is a contractual provision that requires legal disputes arising out of the agreement to be litigated in a specific jurisdiction. It is typically included in a contract to reduce the likelihood of a costly and time-consuming litigation process. Additionally, a forum selection clause may be used to specify the applicable law to a dispute. This is known as a choice of law clause, which specifies which legal system will be used to interpret the agreement. Choice of law clauses are typically used to select the laws of a jurisdiction that has more favorable laws for one party than the other.