Conflict of law clause is incorporated in an agreement to take care of situations where the Parties to the Contract belong to two different jurisdictions. Applicable laws in different jurisdictions can vary materially and can have profound impact in the case of disputes.
No serious businessman would risk the disclosure of his business or trade secrets for the sake of a single or insignificant transaction. But a badly drafted NDA can lead to just that.
Do you feel anxious and agitated when you receive a longish agreement to be approved and signed, after you have negotiated and finalised all essential terms of the contract? Do you have your own in-house or dedicated legal team to scrutinise such agreements? Here is an 11 point checklist you can use before you sign an agreement.
