Dear Shonith, In case, a governing law/ jurisdiction of foreign land were sought to be invoked in a particular agreement through express covenant, then in such case , in the event of any dispute, the same has to be settled as per the such governing law referred in the agreement. Although, generally the governing law and jurisdiction of court are separately defined in any agreement, however, in the present matter in hand, the situation seems to be otherwise. However, in the absence of any express provision as to jurisdiction, both the parties may mutually agree for the same, however in case of a deadlock to reach at a consensus regarding place of jurisdiction, the issue shall have to be decided as per the governing law referred to in the agreement. Thus in the present matter also, although, the courts at New York have not been expressly conferred the jurisdiction to resolve the dispute, however, in the absence of any subsequent consensus between the parties, the issue may be settled as per the laws prevalent in New York, USA. Besides, since both the parties also belongs to India, therefore, by virtue of this fact alone, the jurisdiction of Indian courts can also be invoked, to avoid the deadlock between the parties.