My partners and I are close to signing an agreement with a European company to import their products into China and Taiwan. We are crossing I’s and dotting t’s now. I just noticed that the latest draft of the agreement still lists their country as jurisdiction for any contract disputes. I don’t expect any resistance to changing this to a neutral one and it will likely be the US.
We may license rights for Singapore and HK so they may wish to avoid those legal systems and agree on a neutral (equally costly/burdensome locale).
Delaware seems to be the default for many contracts. I realize there are other states (like Oklahoma?) that are just as business friendly, but I don’t want to further complicate what has already been a long (albeit positive) negotiation. I want to suggest California as the jurisdiction for the contract so I would like to ask you if there are any reasons we should avoid California over another US jurisdiction.
My interest in California is purely logistical. It’s easier and cheaper to reach than a Delaware or Oklahoma etc. Granted, it is probably more expensive to stay there if a prolonged arbitration occurs hut I hope this relationship doesn’t reach that point.
Can anyone share their experience?