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.
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Why Lorman?
Over 35 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 35 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
This course was last revised on November 6, 2019.
Call 1-866-352-9540 for further credit information.
- AK CLE 1.5
- Alaska attorneys may receive 1.5 hours of continuing legal education for completing this program. Please contact the Alaska Bar Association or go to www.alaskabar.org for details regarding reciprocity with other states.
- 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.
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 35 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
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 35 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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