What does Forum Selection Clause mean? Read on to discover the definition & meaning of the term Forum Selection Clause - to help you better understand the language used in insurance policies.
Forum Selection Clause
A forum selection clause is a contractual provision in which the parties establish the place of jurisdiction (such as the court or judicial body) for any litigation between them arising under the contract. Parties commonly include these clauses so that they can pick a forum more favorable to their needs, thus increasing predictability and convenience.
We hope the you have a better understanding of the meaning of Forum Selection Clause.