choice of forum

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nura
Posts: 16
Joined: Fri Jan 30, 2009 12:25 pm

choice of forum

Post by nura » Fri Mar 13, 2009 7:13 pm

We are about to revolving deal with a USA buyer who has proposed to secure us with standby letter of credit. we have received a draft of the standby where it is written "Choice of Forum - any court in USA subjected to the law of USA". could someone explain me what is this about. i guess it says that in case of legal cases, we have to make it in courts of USA. is it correct?
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shahriar
Posts: 923
Joined: Fri May 16, 2008 1:03 am
First Name: Shahriar
Last Name: Masum
Organization: Mutual Trust Bank
Filter: Two Plus Two =: 4
Location: Bangladesh

an ISP clause?

Post by shahriar » Fri Mar 13, 2009 8:43 pm

choice of forum is like a jargon in ISP world. you have got it correctly. its merely defines the applicable rule and applicable law
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