Governing Law & Jurisdiction

Governing Law and Jurisdiction. This Agreement and any dispute or claim arising out of or in connection with it or its subject matter or formation (including non-contractual disputes or claims) shall be governed by and construed in accordance with the laws of the State of [State], without regard to its conflict of law provisions. Each Party irrevocably agrees that the federal and state courts located in [County], [State] shall have exclusive jurisdiction to settle any dispute or claim arising out of or in connection with this Agreement. Each Party irrevocably waives any objection which it may have at any time to the laying of venue of any proceedings brought in any such court, waives any claim that such proceedings have been brought in an inconvenient forum, and further waives the right to object, with respect to such proceedings, that such court does not have jurisdiction over such Party.