Entrepreneurs have a range of considerations when endeavoring to get their business up and running, from devising a viable business plan to securing work space to settling on a company name. Not the least of their concerns is the complicated legal process involved with setting up a business, which can be an intimidating pursuit for leaders of budding companies.
Forum Shopping - The Business of Competing Jurisdictions:
Have you ever read a contract and seen that paragraph that states, "this contract is governed by the law of.." and wondered what it meant. This concept is referred to as "forum shopping" and refers to where a corporation chooses a favourable jurisdiction or court for a dispute to be heard. A common definition of forum shopping is; "Selection by a plaintiff of the court of justice best suited to the plaintiff's needs by reason of commercial, legal or personal advantage."