Which type of clause provides that a specific jurisdiction's substantive law will govern a contract dispute?

The correct answer is a choice of law clause because it explicitly designates which jurisdiction's substantive law will govern any disputes arising from the contract. This means that the parties to the contract agree that in the event of a legal disagreement, the legal principles and statutes of the specified jurisdiction will be applied to resolve the issues. This is crucial for providing clarity and predictability in contractual relationships, as it helps the parties to understand the legal framework that will affect their rights and obligations under the contract.

Forum selection clauses specify which court or jurisdiction will hear a dispute, but they do not determine which jurisdiction's laws apply to the case. Similarly, consent to jurisdiction clauses focus on the parties' agreement to submit to the jurisdiction of a particular court, but again, they do not deal with the substantive law governing the dispute. Arbitration clauses provide for the resolution of disputes through arbitration, which is a different process altogether and may involve different legal considerations. Thus, while all these clauses are important in the context of jurisdiction and dispute resolution, the choice of law clause specifically addresses the substantive law that will apply, making it the correct answer.