Preferred New York Governing Law
"Each party represents and warrants to the other that: It is duly organized, validly existing, and in good standing under the laws of its jurisdiction of incorporation or formation. It has the full power and authority to enter into and perform its obligations under this Agreement. The execution, delivery, and performance of this Agreement have been duly authorized by all necessary corporate or organizational action. This Agreement constitutes a legal, valid, and binding obligation of such party, enforceable against it in accordance with its terms. The execution, delivery, and performance of this Agreement will not conflict with or result in a breach of any other agreement to which it is a party or by which it is bound."