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The Fundamentals of Commercial Contracts

Event Type
Law Society Finuas Skillnet
Venue
James O'Sullivan Room, Law Society of Ireland, Dublin
Discounted Fee
€1100*
CPD Hours
20 Hours (including 3 Hours Management & Professional Development Skills) by group Study
Start Date
Friday 14 September 2018 at 2:00 PM
End Date
Saturday 29 September 2018 at 4:00 PM
Price
€1,200.00
This item is not available to book online

    Why is this Course for You?

    Solicitors, Barristers, Contract Managers and Directors, In-house Counsel, Purchasing Personnel
    This intensive introductory course is designed to provide participants with an understanding of what is required to successfully negotiate and draft commercial contracts. Lawyers are required to advise on and draft contracts for a wide variety of business arrangements. This course provides participants with an opportunity to develop the skill of effective contract drafting. Participants will also gain an insight into the key terms and considerations involved in typical commercial agreements.

    This course is therefore relevant to solicitors, barristers, contract managers and purchasing personnel, both in the private and public sector.

    Method of Delivery:
    iPad and Interactive eBook accessed via iTunesU Course & Interactive Onsite Lectures and Workshops
    This course will be delivered over a period of two half-days and two full-days. As well as independent learning, the course will incorporate the use of iPads in interactive lectures and workshops. The iPad is an invaluable educational tool which will provide you with quick and easy access to all course materials via iTunes U. Participants will also be provided with an interactive, multi-touch e-book on Commercial Contracts which will complement and support your learning.

    Outcomes:
    Improved Competitiveness & Reduced Risk Exposure
    The course is designed to equip participants with the necessary skills, knowledge and competencies to draft commercial agreements and to advise on the impact of various commercial arrangements on day-to-day business.

    Course Content:

    Contract Law Refresher/Update
    Formation of a contract
    Express and Implied terms and evidence of contractual terms
    Execution of contracts
    Breach of contract, remedies and enforcement
    Variation and assignment of rights

    Negotiating contracts
    Understanding the underlying transaction and taking instructions
    Establishing the commercial objectives of both parties and settlement ranges of the client
    Due diligence
    Pre-contract documentation (letters of intent, memorandums of understanding, subject to contract, ‘without prejudice’)
    Confidentiality and exclusivity agreements.
    The negotiation process in practice
    Strategy, interests and positions
    Role play and analysis
    Reviewing and effectively commenting on the draft contract

    Understanding the anatomy of a contract
    Form and layout of a commercial contract
    Use of precedents and the role of schedules
    Analysis of common clauses (with illustrations of how clauses can vary depending on the type of the contract and the commercial objectives of the parties)

    Drafting a contract
    Drafting tips and techniques
    Use of clear/concise language
    Ambiguity-how to avoid it
    Problematic words and phrases
    Standard terminology
    Use of defined terms
    Tone and format
    Rules of interpretation
    Getting the grammar right
    Achieving legal and commercial certainty

    Ecommerce
    Overview of the legal rules concerning electronic communications, documents and contracts.
    Overview of the rights and obligations of businesses and consumers with regards to online sales.

    Agency and Distributions Agreements
    Choosing a marketing agreement (agency v distribution agreements)
    Analysis of the Commercial Agents regulations
    Consideration of key terms and commercial objectives of a Agency and Distribution Agreements
    Advising clients on the application of Competition Law and the EC Regulations / Competition Authority Declaration on Vertical Agreements

    Franchising Agreements
    Understanding the concept of a franchising agreement – key examples
    Commercial reasons for franchising
    Analysing the key terms of a franchising agreement
    Advising clients on the application of competition law
    Licensing of IP rights

    Outsourcing Agreements
    Types of outsourcing and commercial reasons for outsourcing
    Consideration of key terms of an Outsourcing Agreement
    Employment law aspects of outsourcing
    Data protection issues surrounding outsourcing

    Lecturers:
    Our lecturers are distinguished legal experts and provide legal services and advice to all sectors of industry both nationally and internationally. Their significant experience will be shared through the interactive manner in which all lectures and workshops will be delivered.

    Numbers are strictly limited – Early Booking advised.

    *Applicable to Law Society Finuas Skillnet Members

    This item is not available to book online