reviewing contract key terms and conditions
TRANSCRIPT
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Reviewing Contract Key Terms and Conditions:Improving Contract Terms, Mitigating Risks, and Eliminating Ambiguities
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Contract Lifecycle
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Understanding Contract English
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Uncertainty in Contract Language
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Low Risk vs High Risk Contract Layout
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Reviewing Core Commercial Terms
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Identifying Sources of Risk
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Breach of Contract
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Day 1 Review and Recap
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Day 2 Agenda
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Contract Remedies
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Risk Allocation and Mitigation
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Anticipating Changes
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Other Risk Transfer Strategies
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The “Reasonable Efforts” Standard
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Materiality and“Material Adverse Changes”
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General Conventions
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Day 2 Review and Recap
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Further Reading• A Manual of Style for Contract Drafting, Ken Adams
http://www.adamsdrafting.com/writing/mscd/• Adams on Contract Drafting Blog, Ken Adams
http://www.adamsdrafting.com/blog/• Black's Law Dictionary, Bryan A. Garner
https://www.amazon.com/Blacks-Law-Dictionary-Standard-Ninth/dp/0314199497• Advanced Legal Drafting, Bryan A. Garner, LawProse
https://lawprose.org/cle_seminars/advanced_legal_drafting.php• HBR Guide to Better Business Writing, Bryan A. Garner, Harvard Business Review Press
https://hbr.org/product/hbr-guide-to-better-business-writing/an/10946-PBK-ENG• English Law of Liquidated Damages and Penalty, Lexology
http://www.lexology.com/library/detail.aspx?g=ea8c9ddbc2da401d886cc807ce38fcf1• Principles of Contract Interpretation: Interpreting Collective Bargaining Agreements, Jay E. Grenig, Marquette University Law School
http://scholarship.law.marquette.edu/facpub• A Guide to Contract Interpretation, Vincent R. Martorana, Reed Smith
https://www.reedsmith.com/A-Guide-to-Contract-Interpretation-07-01-2014/• Good Practice in Writing Contracts, CIPS Knowledge Works
https://www.kbresearch.com/cips-files/Writing%20Contracts.pdf• Ten Pitfalls to Avoid In Contracting, International Association for Contract & Commercial Management
https://www2.iaccm.com/resources/?id=8976• Drafting or Reviewing a Commercial Contract, Practical Law
http://us.practicallaw.com/resource/2-531-1345• General Contract Drafting Principles, WeAgree
http://www.weagree.com/free-ebooks• Legal Writing 201, 30 Suggestions to Improve Readability or How to Write for Judges, not like Judges , Judge Mark P. Painter, Ohio First District Court of Appeals
http://www.plainlanguagenetwork.org/Legal/legalwriting.pdf
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