Dublin, June 10, 2021 (GLOBE NEWSWIRE) -- The "3-day Drafting Commercial Contracts Training Course" training has been added to ResearchAndMarkets.com's offering.
Negotiate and draft clear and concise commercial agreements that meet the challenges of today's commercial environment.
Business is founded on the crystallisation of the terms of a deal and clarity and fair construction are the key to a successful commercial agreement. Without a clear agreement, commercial and legal disputes are likely and unclear agreements are one of the largest causes of costly commercial litigation.
With this in mind, Mark Weston and Falconbury have developed this modular and comprehensive multi-part programme that focuses on delivering practical and applied training of the key drafting skills needed to create transparent and direct contracts that deliver on a legal and commercial level. Each section of the course builds on the section before.
Part One: Drafting, Structure, Interpretation and Formation of Contracts focuses on developing a robust structure and formation to your contracts and expanding your drafting skills to deliver concise and watertight agreements. It will also explain the fundamentals of how contracts are interpreted.
Part Two: Precise and Careful Drafting looks in more detail at the more complex clauses and how they can be drafted and applied to leverage commercial value and manage legal risk.
By attending this programme you will:
- Examine assignment and novation to ensure you are suitably protected in the case of transfer or sale of rights
- Consider the purpose and effect of typical boilerplate clauses and how you can leverage value for your organisation through clearer drafting
- Get-to-grips with payments and interest terms to understand how penalties can be applied
- Expand your knowledge of the risk of drafting a contract without a confidentiality clause
- Understand the risks that can be created through poor drafting in practical exercises under the guidance of the expert
- Discuss any disputes or issues you are facing with colleagues from other organisations to gain new ideas and perspectives
- Understand the pitfalls and pluses to applying an effective standard structure and format to every contract
- Master practical drafting techniques to write concise and effective agreements
- Examine special contractual arrangements and letters of intent
- Learn how to interpret variations and time of essence clauses
- Clarify the distinction between 'best endeavours' and 'reasonable endeavours' - essential terminology in commercial contracts
- Get up-to-date with the use and drafting of contractual warranties and indemnities
- Understand the effect of exclusion and limitation clauses, and how they can be used to manage your exposure
Key Topics Covered:
Contract interpretation
- Systems of law
- Civil law vs common law approaches to drafting
- Precedent (and some Latin)
- Interpretation and construction
- Clarity and ambiguity: Arnold v Britton, Wood v Capita Insurance
- Ambiguity: Investors Compensation Scheme v West Bromwich
- Classical contract interpretation (six canons)
- Modern contract interpretation (ten principles)
- The effect of Brexit on contract drafting and interpretation
- Admissible background
- Private dictionary principles
How do you form a contract? (Part 1)
- Ingredients to form a contract
- Classical
- Offer
- Acceptance
- Consideration
- Battle of the forms
- Other elements in formation
- Sui generis formation
How do you form a contract? (Part 2)
- Distinctions between negotiations and contracts
- Have you accidentally formed a contract while negotiating?
- RTS Flexible Systems Ltd v Molkerei Alois Muller
Commercial contract format and structure
- Splitting form from content
- Form
- Law and custom
- Tone and format
- Deed or under hand?
- Drafting techniques
- Structures of typical commercial contracts
Ancillary documentation and contracts
- Drafting for certainty
- Pre-contract documentation and discussions
- Tendering
- Prevention is better than cure
- Negotiations
- TLAs
- NDAs
- Content of TLAs
- Agreements to agree
- Variations
Terms: implied, express and standard (Part 1)
- Implied terms
- Three types
- The 2015 revision
- Plus 1
Terms: implied, express and standard (Part 2)
- Express terms
- Time is of the essence
- Best endeavours clauses
- Reasonable endeavours
- Nuances and efforts
- The obligation spectrum
- Meaning of standard terminology
- Reasonable
- Substantial
- Material
Drafting techniques: the easy but not well-known stuff (Part 1)
- Practical tips
Drafting techniques: the easy but not well-known stuff (Part 2)
- Differences between 'shall do', 'will do', 'endeavour to do'
- Understanding WCI and why you cannot draft contracts without them
- Differences between warranties, undertakings and representations
- Differences between warranties and indemnities
Exclusion and limitation clauses
- Myths about liability clauses
- Internationally accepted practice
- Economic rationale for this area of law
- The liability protection spectrum
- Jurisdictional differences
- Factors affecting liability. or not
- Negotiating liability clauses: risks and responsibilities
- The ACE principle
- Acceptance of risk
- Capping of risk
- Exclusion of risk
- Arguments used by each side when negotiating
- Drafting a liability clause: tips, tricks and techniques
- The change in law and practice since 2016
- Indirect and consequential loss: the changing position since 2017
- UCTA and CRA
Introduction to boilerplate
- A functional methodology
Transferring contractual rights and obligations
- Transferring rights
- Assignment
- Novation
- Other transfers
- An exercise: in the real world
- Third-party rights
- Privity
- Some history
- Practical examples
- The new rules
- Drafting issues and traps
Welded boilerplate
- Interpretation
- Importance
- Start vs finish
- Headings and titles
- Usual interpretation clauses
- Notice and communications
- Purpose of a clause
- Problematic clauses
- Relevant case law
- Waiver
- Purpose
- Effect
- Clause
- How does it work?
- Variation
- The remedies addendum
- The 2018 revision
- Invalidity and severance
- Purpose
- Invalid clauses - and consequences
- Blue pencil test
- Repair
- Clause
- Bolt-ons
- Joint and several liability
- Joint/several/joint and several - differences
- Purpose
- Clause
- Bolt-ons
- Force majeure
- Purpose
- Some history
- A partisan view of risk
- What is force majeure?
- Effect
- Procedure
- Clause
- The court
Payments and interest
- Payment clauses
- Purpose
- Goods default
- Clauses
- Interest clauses
- A clause: charging interest for late payment
- Penalties and rates of interest
- Force majeure and payments
- The importance of waiving rights - or not
Confidentiality clauses
- Doing without a confidentiality agreement
- A confidentiality clause: the practice
- A definition: what is confidential?
- Clause outline
- Sample clauses
Term and termination; entire agreement clauses; governing law, jurisdiction and dispute resolution clauses
- Term and termination
- Purpose
- Term
- Termination
- Reasons for termination
- Consequences of termination
- Survival
- Entire agreement clauses
- Purpose
- Problem
- A new purpose
- The law
- Drafting a clause
- Documentary inclusion/exclusion
- Governing law, jurisdiction and dispute resolution clauses
- Governing law
- Jurisdiction
- Dispute resolution clauses
For more information about this training visit https://www.researchandmarkets.com/r/40k75r