Commercial Contracts

This interactive full day workshop deals with the various aspects of commercial contracts in business to business arrangements.

The training objectives are to allow delegates to: 

  • Obtain a good understanding and appreciate the key parts of commercial contracts
  • Identify risks contained within a commercial contract before it is entered into
  • Take a best practice approach to reviewing commercial contracts.

Course overview

  1. Entering into commercial contracts
    • How contracts are entered into
    • Who are the parties
    • Commencement date
       
  2. Performance obligations
    • What, where, how and when
    • Level of obligations (unqualified, best endeavours, reasonable endeavours)
    • Good faith
    • Changing obligations
       
  3. Payment obligations
    • How payment is calculated
    • How payment is made
    • Increasing the price
    • Payment protection and retention of title
       
  4. Liability
    • Limiting and capping liability
    • Statutory controls
    • Indemnities
       
  5. Usual standard clauses
    • Termination
    • Consequences of termination
    • Confidentiality
       
  6. Boilerplate clauses
    • Entire agreement
    • Force majeure
    • Assignment
    • Set-off
    • Dispute resolution
    • Law and jurisdiction

To discuss your specific requirements and get a quote, please contact Paul Palik.

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