Submission to Jurisdiction Clause Example from Business Contracts

Submission to Jurisdiction. Each of the parties hereto hereby submits to the exclusive jurisdiction of the U.S. federal and New York state courts in the Borough of Manhattan in The City of New York in any suit or proceeding arising out of or relating to this Agreement or the transactions contemplated hereby. Each of the parties hereto waives any objection, which it may now or hereafter have, to the laying of venue of any such suit or proceeding in such courts. Each of the parties hereto agrees that final judgment in any su...ch suit, action or proceeding brought in such court shall be conclusive and binding upon such party, and may be enforced in any court to the jurisdiction of which such party is subject by a suit upon such judgment. View More