Legal Question in Business Law in India
If a contract is drafted in U.S. signed in China and executed in India between a company in U.S. and another company having its business in India regarding some outsourcing business. If U.S. company breach the contract than how could company in India bound the U.S. company to oblige the contract or pay the damages or under what law forum? Though there is a clause that \"all dispute arising from the contract shall be subject to jurisdiction and law of\" Indian courts and forum\" but how this clause would affect the party sitting in U.S. to comply with the terms.
1 Answer from Attorneys
If the contract does not have the Arbitration Clause( Which should have been there) but is having only the the clause " all disputes arising from the contract shall be subject to jurisdiction and law of Indian courts and forum" then you can deffinatly approach the court of law in india ( depending on the nature of dispute). The US party shall be bound by the proceedings carried on India against them.
Had there been an Arbitration clause in the contract then also Arbitration couyld have been conducted in India and an Arbitration award be binding on the parties.
For further clarification and advice you can contact us at +919811617186
Maven Legal LLP or can email us at [email protected]
Regards
Jeevesh Mehta
Related Questions & Answers
-
I wish to offer offshore software development unit for multiple US clients. While... Asked 7/08/10, 10:32 pm in India Business Law
-
What are the things to be mentioned in a search report of charges Asked 7/06/10, 9:44 am in India Business Law
-
I would like to invest in a1steel scrap co. as they offer 15% return per month. I... Asked 7/01/10, 9:11 pm in India Business Law
-
Want to stop operation of bank account of partnership firm Asked 6/17/10, 12:01 pm in India Business Law
-
I want to start a MLM in mumbai(India).Need to know formalities Asked 6/13/10, 10:46 pm in India Business Law