Multi-jurisdictional Sample Clauses
A Multi-jurisdictional clause defines how a contract will address legal requirements and obligations that span more than one legal jurisdiction. This clause typically specifies which laws govern the agreement, how conflicts between differing local laws are resolved, and may outline procedures for compliance in each relevant region. For example, it might state that certain terms are subject to the laws of one country while others are governed by another, or require parties to obtain permits in all applicable locations. Its core function is to provide clarity and predictability for parties operating across borders, reducing legal uncertainty and minimizing the risk of conflicting legal obligations.
Multi-jurisdictional. It is the intention of the parties that Buyer’s rights and remedies with respect to this transaction and with respect to all acts or practices of Seller, past, present or future, in connection with this transaction shall be governed by legal principles other than (i) the Kansas Consumer Protection Act (Kan. Stat. ▇▇▇. § 50-623 et seq., the “KSCPA”), (ii) the New Mexico Unfair Trade Practices Act (N.M. Stat. ▇▇▇ § 57-12-1 et seq., the “NMUTPA”), and (iii) both the Oklahoma Consumer Protection Act (Okla. Stat. ▇▇▇. tit. 15 § 753 et seq., the “OKCPA”) and the Oklahoma Deceptive Trade Practices Act (Okla. Stat. ▇▇▇ tit. 78 §§ 51-56, the “OKDTPA” and collectively with the KSCPA, the NMUTPA, and the OKCPA, the “Acts”). As such, Buyer hereby waives the applicability of the Acts to this transaction and any and all duties, rights or remedies that might be imposed by the Acts, whether such duties, rights and remedies are applied directly by the Acts themselves or indirectly in connection with other statutes. Buyer acknowledges, represents and warrants that it is purchasing the goods and/or services covered by this Agreement for commercial or business use and not for personal, family, and household purposes; that it is not a sole proprietor or family partnership; that it has assets of five million dollars ($5,000,000.00) or more according to its most recent financial statement prepared in accordance with generally accepted accounting principles; that it has knowledge and experience in financial and business matters that enable it to evaluate the merits and risks of a transaction such as this; and that it is not in a significantly disparate bargaining position with Seller.