OK...it's hard to formulate the question in a single sentence, so here is a very simple example to illustrate what I mean: Suppose I sign an agreement with John that he will give me his gum and after a monght I should return this gum to him. Suppose, in the contract is written that "the state of new york" will govern all arbitrages about this agreement. Now...finally neither me nor Joh are American citizens nor residing on a US land. So is such bizzare contract valid? (and...i am just curious since I was thinking to deal with a company in africa which seems about that case). 10x
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