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Aims of the course

  • 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.

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 on 1st of November

8.30 Registration and Coffee at the seminar place
9.00 Start of course

Introduction to 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?
  • Amendment clauses. Side letter.
  • Electronic signatures. Legal position in USA, EU and UK. Suggested clauses.
  • 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.
  • Representations, warranties, guarantees, indemnities, covenants. What is the difference between them?  How are they best drafted?   “Reps and warranties” – do we need both? Sandbagging clauses.
  • Measuring performance.  Best and reasonable endeavours/efforts.  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.  Termination clauses. What is a ”material breach”?
  • 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.  MAC and MAE clauses in Company Sale and Purchase agreements. “Inclusion” clauses.
  • Direct and indirect damages  – the implications of recent case law for drafting.
  • Dispute resolution.   Jurisdiction, choice of law and arbitration after Brexit.
  • Boiler plate provisions eg drafting notices clauses, force majeure clauses, whole agreement clauses, severance clauses
14.40 Aftrenoon coffee and break
15.00 The subject continues
16.30 Course round-up
17.00 End of course
We reserve the right to make changes to the program.

Hinnat

Yksityinen sektori845 €
Julkinen sektori633 €
Lakimiesliiton jäsen633 €

Hintaan lisätään alv 24 %. Osallistuminen sisältää sähköiset materiaalit sekä kahvi- ja lounastarjoilut seminaaripäivän aikana.

Yhteyshenkilöt

Anne Åkerberg

Anne Åkerberg

Koulutuspäällikkö

anne.akerberg@almamedia.fi

050 438 0979

Paikka

Radisson Blu Royal

Runeberginkatu 2

00100 Helsinki

Hotelli sijaitsee Helsingin keskustassa, Kampin liikekeskuksen naapurissa. Sisäänkäynti tapahtuu hotellin pääovista, josta opasteet ohjaavat aulasta oikealle kokoustiloihin.

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