Problem
ABC Co. is a company in Los Angeles, California. It is entering into a contract with a company in Vermont that has no business activities or property in California. ABC Co. wants to be sure that if a dispute arises under the contract, any litigation will be resolved near ABC's home in Los Angeles. Which of the following forum selection clauses is most likely to achieve the objectives of ABC Co.?
1. "The parties agree that the exclusive jurisdiction for any lawsuit related to or arising under this Agreement shall be in the Superior Court for Los Angeles County, California."
2. "The parties agree that any lawsuit related to or arising under this Agreement shall be brought exclusively in the Superior Court for Los Angeles County, California or in the United States District Court for the Central District of California (the 'Chosen Courts'). Each party irrevocably submits itself to the personal jurisdiction of the Chosen Courts and waives any objection to venue in either of the Chosen Courts."
3. "The parties agree that any lawsuit related to or arising under this Agreement may be brought in the Superior Court for Los Angeles County, California."