LQDT » Topics » 36.1 This Agreement shall be governed by, and interpreted in accordance with, English law.

This excerpt taken from the LQDT 10-Q filed Aug 8, 2008.

36.1         This Agreement shall be governed by, and interpreted in accordance with, English law.

 

36.2         Except as expressly provided otherwise in this Agreement, the courts of England are to have exclusive jurisdiction to settle any disputes (including claims for set-off and counterclaims) which may arise in connection with the creation, validity, effect, interpretation or performance of, or the legal relationships established by, this Agreement or otherwise arising in connection with this Agreement. For such purposes each Party irrevocably submits to the jurisdiction of the English courts.

 

36.3         The Parties irrevocably waive any objections to the jurisdiction of any court referred to in this clause and irrevocably agree that a judgment or order of any court referred to in this clause in connection with this Agreement is conclusive and binding on them and may be enforced against it in the courts of any other jurisdiction.

 

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36.4         The Parties irrevocably consent to service of process or any other documents in connection with proceedings in any court by facsimile transmission, personal service, delivery at any address specified in this Agreement or any other usual address, mail or in any other manner permitted by the law of the place of service or the law of the jurisdiction where proceedings are instituted.

 

36.5         The Purchaser Parent hereby appoints the Purchaser as its agent for service of process in England and the Purchaser has confirmed in writing to each of the Parties its acceptance of such appointment. All correspondence with the Purchaser (acting in its capacity as agent for service of process) shall be marked for the attention of Darryl Mark Aylett and shall be delivered in accordance with clause 26; and

 

36.6         If for any reason an agent appointed under clause 36.5 ceases to act as such, the Purchaser Parent shall promptly appoint another such agent and promptly notify the Sellers of the appointment and the new agent’s name and address. If the Purchaser Parent does not make such an appointment within seven (7) days of such cessation, then the Sellers may do so on their behalf and at their cost and shall notify the Purchaser Parent if they do so.

 

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