Common use of Applicable law and competent jurisdiction Clause in Contracts

Applicable law and competent jurisdiction. These GTCU are governed and interpreted in accordance with French law, without regard to the principles of conflict of laws. In the event of any dispute regarding the validity, interpretation and/or execution of these GTCU, and after the failure of any attempt to find an amicable solution, express jurisdiction is assigned to the competent court of Paris. Any dispute arising out of or in connection with the Agreement which shall not be amicably settled by the Parties through good faith negotiation within three (3) months after notification in writing by any of the parties shall belong to the exclusive jurisdiction of the Courts of Paris (France), even in case of side claim or counterclaim.