Contract Drafting in English I 3.12.2021

Aims of the Part I

  • useful tips on contract drafting techniques and common pitfalls
  • useful materials that can be used as a basis for drafting contracts
  • guidance on differences between the common law and Finnish systems of contract law and the implications for negotiating and contract drafting.

Method

The course will be ”hands on”.  Delegates will be invited to undertake practical exercises eg analysing and improving poor drafting, suggesting changes to clauses presented by ”the other side”.

Course materials

The course materials include comprehensive notes, a bank of sample contract clauses, useful websites and addresses and a guide to English contract law terminology.

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Contract Drafting in English II 17.3.2022

Aims of the Part II
This is Part 2 of a two part course. Part 1 is held in December 2021. Part 2 will look at specific contracts many of which have been requested by Part 1 participants.

Method
The course will be ”hands on”. Delegates will be invited to undertake practical exercises eg drafting individual clauses, improving poor drafting, suggesting changes to clauses presented by ”the other side”.

Course materials
The course materials include contracts with accompanying notes, a bank of sample contract clauses , useful websites and addresses and a guide to English contract law terminology.

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Lecturer

David Fletcher

The course will be given by David Fletcher, an English solicitor, who is a frequent lecturer in Scandinavia. He has given contract-drafting courses, both general and in-house, in a number of countries including Finland, Sweden, Denmark and Germany. He has also lectured at Helsinki and Tallinn Universities.

Agenda

8.30 Registration and Coffee at the seminar place
8.50 Remote connection available for remote attendees
9.00 Start of course

Introduction to “building blocks”of drafting.  How to draft a clause in modern English, expressing obligations,  contingent obligations,  exceptions,  and using (or avoiding)  special terminology used in contracts .  How to structure a contract.

Specific issues and clauses to be included

  • Parties. Ensuring that the parties are clearly defined, especially in relation to a group of companies. What happens if the contract is assigned or transferred?
  • Heads of agreement, letters of intent.   To what extent are LOI’s and HOA’s legally binding? No contract, no problem? Avoiding the pitfalls.
  • Consideration. What is it? Payment clauses. Earn-outs in Company Sale and Purchase agreements. Completion accounts vs. locked box provisions.  Price adjustment clauses vs.  “anti-leakage” provisions.
  • Retention of title clauses. Different types.
  • Warranties, guarantees, indemnities, representations, covenants. What is the difference between them?  How are they best drafted?   “Reps and warranties” – do we need both?
  • Measuring performance.  Best and reasonable endeavours/efforts covenants.  Sales target clauses.
  • Restrictive covenants.  Drafting non-compete clauses, non-solicitation clauses and other restrictive covenants.  Pre-completion covenants / covenants of conduct in M&A.
12.30 Lunch
13.30
  • Default and remedies.  Terminating for breach (material, substantial or serious?)
  • Liquidated damages clauses v penalties.   LD clauses in common law systems –  how they differ from penalties in civil law countries.
  • Limitation of liability, exclusions of liability and “caps”.  Minimising the risks.  Material adverse change (MAC) clauses in Company Sale and Purchase agreements. “Inclusion” clauses.
  • Direct and indirect damages  – the implications of recent case law for drafting.
  • Dispute resolution.   Avoiding the pitfalls  (eg Italian torpedoes).
  • Boiler plate provisions eg drafting notices clauses, force majeure clauses, whole agreement clauses, severance clauses
16.30 Course round-up
17.00 End of course
8.30 Registration and Coffee at the seminar place
8.50 Remote connection available for remote attendees
9.00 Introduction and recap on:

  • contract drafting terminology
  • differences between Finnish and English contract law and the implications for contract drafting.
9.30 LOI’s , MOU’s and NDA’s
10.30 Coffee
10.45 Joint ventures, shareholder and co-operation agreements
12.30 Lunch
13.15 Sales contracts and terms, supply contracts and distributorship agreements
14.30 Coffee
14.45 Sales contracts and terms, supply contracts and distributorship agreements (continued)
15.00 IPR Licences
16.00 Construction contracts or financial contracts (depending on delegates’ preferences
17.00 End of course

Note: the above timetable is flexible and can be adapted to delegates’ particular interests.

Hinnat

Yksityinen sektori1250 €
Julkinen sektori1150 €
Lakimiesliiton jäsen1150 €
Striimi, yksityinen sektori1250 €
Striimi, julkinen sektori1150 €
Striimi, Lakimiesliiton jäsen1150 €

Hintaan lisätään alv 24 %. Hintaan sisältyvät sähköiset materiaalit, kahvi- ja lounastarjoilut seminaaripaikalla. Striimiosallistuminen sisältää sähköiset materiaalit.

Yhteyshenkilöt

Puhuja

Anne Åkerberg

Koulutuspäällikkö

anne.akerberg@almamedia.fi

050 438 0979

Paikka

Helsinki