Common use of Governing Law; No Construction Against Drafter Clause in Contracts

Governing Law; No Construction Against Drafter. (a) This Agreement and the rights and obligations of the parties hereunder, and all claims or causes of action (whether in contract or tort) arising hereunder shall be governed by and interpreted, construed and enforced in accordance with the laws of the state of New Jersey, without regard to its choice of law principles. No provision of this Agreement or any related document will be construed against or interpreted to the disadvantage of any party hereto by any court or other governmental or judicial authority by reason of such party having or being deemed to have structured or drafted such provision. Each party hereby hereto irrevocably consents to the jurisdiction of the federal and/or state courts of the state of New Jersey for all purposes in connection with any action or proceeding that arises out of or relates to this Agreement and agrees that any action instituted in respect of this Agreement shall be commenced, prosecuted and continued only in such courts, which shall be the exclusive and only proper forum for adjudicating such a claim. Each party hereto expressly and irrevocably waives any and all objections it may have as to convenience of forum, venue or personal jurisdiction in any such courts.