Business contracts often include choice of law and forum selection clauses which many consider boilerplate. If the contract breaks down and litigation begins, these terms become very important in determining where the lawsuit will be tried and which state’s laws will apply.
The Business Law Section of the North Carolina Bar Association issued a thorough report discussing the need to update North Carolina’s outdated choice of law and forum selection standards: https://www.ncbar.
org/media/740084/business-law- choice-of-law-and-forum- revised-proposal.pdf
The text of the new law is located here: http://www.ncleg.net/