New York Clauses Relating to Venture Interests
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How to fill out Clauses Relating To Venture Interests?
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FAQ
A jurisdiction clause will appear in a business contract quite regularly. Jurisdiction clauses basically state that the parties involved in a contract have the right to settle legal disputes through adjudication.
In New York City, the Supreme Court exercises both civil and criminal jurisdiction. Outside New York City, the Supreme Court exercises civil jurisdiction, while the County Court generally handles criminal matters.
In general, a jurisdiction clause should state whether it is exclusive or permissive in nature, and specify what claims are subject to its reach. New York courts will apply the governing law designated in the contract to interpret the nature and scope of the jurisdiction clause.
This Agreement and any dispute or controversy arising out of or relating to this Agreement shall be governed by and construed in ance with the laws of the State of New York, without regard to the conflict of law principles thereof.
It is the policy of New York state to negotiate contracts for architectural and/or engineering services and/or geological and/or surveying services on the basis of demonstrated competence and qualification for the type of professional services required and at fair and reasonable fees.
State Finance Law, Article 9, Section 138 states contracts cannot be assigned, transferred, conveyed, sublet or otherwise disposed of without the prior written consent of the contracting agency officials.
In ance with State Finance Law § 139-k, an Offerer must be asked to disclose whether there has been a finding of non-responsibility made within the previous four (4) years by an Governmental Entity due to: (a) a violation of State Finance Law § 139-j or (b) the intentional provision of false or incomplete ...
State Finance Law, Article 9, Section 138 states contracts cannot be assigned, transferred, conveyed, sublet or otherwise disposed of without the prior written consent of the contracting agency officials.
State Finance Law section 137 generally requires prime contractors to obtain a payment bond for public projects to protect subcontractors, sub-subcontractors and materialmen from non-payment by the prime contractor.
Section 5-1401 of the GOL provides that a choice of law provision in an agreement designating New York law to govern the parties' rights and duties is valid, even if the agreement has no reasonable relation to the State, provided that the transaction is valued at a minimum of $250,000.00.