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OnDemand Course

Use of Terms and Conditions in Purchase Agreements

Gain an understanding of how to draft, revise and negotiate key contract terms that can positively impact your business operations.

Every day across America, lawyers are drafting contractual provisions in purchase agreements that won't be enforced because they weren't drafted correctly. The law governing purchase agreements is teeming with traps for the unwary, and common drafting mistakes expose your clients to untold, unnecessary risk. In this intense, jam-packed topic, the attorney who updates the landmark contract law treatise Corbin on Contracts (cited by judicial decisions across America in excess of 10,000 times) will guide you through a multitude of purchasing agreement provisions and show you how to navigate around the drafting landmines. If you deal with purchasing agreements in your practice, whether a lot or a little, you do not want to miss this.

90 minutes
Certificate of Completion
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Why Lorman?

Over 34 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

Agenda

Drafting Terms for Purchase Agreements Where There Is No Single Signed Document

  • Drafting Terms in a Battle of the Forms Scenario Under the Uniform Commercial Code and the United Nations Convention on Contracts for the International Sale of Goods
  • Drafting Browsewrap Terms

Warranty Provisions

  • Unenforceable Puffery vs. Legally Binding Express Warranties
  • Drafting With Precision to Avoid Post-Formation Supplementation via Course of Performance
  • Drafting Warranties That Extend to Future Performance
  • Disclaimers of Implied Warranties

Drafting Terms to Ensure the Document Is the Sole Repository of the Agreement

  • Merger Clauses to Insure Complete Integration
  • No Oral Modification and Waiver Clauses
  • The Roundabout Way to Prevent Post-Formation Modifications

Remedies Provisions

  • The Drafting Landmines in Excluding Consequential Damages
  • Drafting Exclusion of Lost Profits-Why They Are Sometimes Direct Damages
  • Drafting Around the Presumption of Cumulative Remedies
  • Drafting to Anticipate When a Remedy Fails of Its Essential Purpose
  • Drafting Liquidated Damages Provisions

Miscellaneous Provisions That Pose Drafting Landmines

  • Time Is of the Essence Provisions
  • Drafting to Exclude Invisible Terms-Trade Usage and Course of Dealing
  • Delivery Provisions
  • Termination Provisions
  • Force Majeure Clauses
  • Indemnity Provisions
  • Anti-Assignment Provisions
  • No Third-Party Beneficiary Clauses
  • Recitals, Effective Date
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Why Lorman?

Over 34 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

Credits

OnDemand Course

Applications have not yet been submitted for Delaware, Idaho, Kentucky, Maine, New Hampshire, Ohio, Oklahoma, South Carolina, and Wyoming CLE for this course. However, if you are interested in obtaining CLE for any of the listed states or have any additional credit questions please email us at [email protected] or call us at 866-352-9540.

This course was last revised on November 6, 2019.

Call 1-866-352-9540 for further credit information.

  • CA MCLE 1.5
     
  • Lorman Business Center, LLC. is a State Bar of California approved MCLE sponsor and this course qualifies for 1.5 CLE hours of participatory credit.
     
  • WA CLE 1.5
     
  • This program has been approved by the Washington State Board of Continuing Legal Education for 1.5 hours of A/V credit under the Law & Legal Procedure category.
     

To earn each credit Lorman offers through the OnDemand learning platform, you need to watch 100% of the program. Also, for certain credits you will need to fulfill additional requirements which will be displayed on the "credits" tab when viewing the course.

This program does NOT qualify, nor meet the National Standard for NASBA accreditation.

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Why Lorman?

Over 34 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

Faculty

Timothy Murray

Timothy Murray

Murray, Hogue & Lannis

  • Partner in the law firm Murray, Hogue & Lannis, Pittsburgh, PA
  • Practice emphasizes contract law
  • Conducts regular seminars on the law of contracts
  • Author volume 1 of Corbin on Contracts (revised edition, 2018), Co-author of Corbin on Contracts Desk Edition and the biannual supplements to Corbin on Contracts
  • Member of the Pennsylvania Bar
  • J.D. degree, University of Pittsburgh
  • Can be contacted at [email protected]
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Why Lorman?

Over 34 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

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Pay once and get a full year of unlimited training in any format, any time!


  • OnDemand Courses
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  • Course Manuals
  • Executive Reports
  • White Papers and Articles

Additional benefits include:

  • State Specific Credit Tracker
  • All-Access Pass Course Concierge

Questions? Call 877-296-2169 to speak with a real person.

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Product ID: 406507
Published 2019
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