Understanding specific clauses
As you progress through this course, you’ll develop the skill to understand and to draft key contract clauses, including those related to price and payment, liquidated damages, intellectual property, acceptance, force majeure, hardship, and those governing law and dispute resolution.
Upon completion you will be proficient in navigating through intricate contracts and applying clauses for your benefit.
CHAPTER 1: PRICE AND PAYMENT TERMS CLAUSES
· PRICE AND PAYMENT TERMS CLAUSES
· Lesson 1 : The differences between fixed and variable prices
· Lesson 2: The contents and purpose of a price revision clause
· Lesson 3: An alternative: the minimum guaranteed margin clause
· Lesson 4: Rules in relation to payment terms
· Summary
CHAPTER 2 : LIQUIDATED DAMAGES CLAUSE
· LIQUIDATED DAMAGES CLAUSE
· Lesson 1: The notion of liquidated damages
· Lesson 2: “Exclusive remedy and unique compensation”
· Lesson 3: The concept of penalities
· Lesson 4: The importance of timely notification of any hindrance
· Summary
CHAPTER 3: INTELLECTUAL PROPERTY CLAUSES
· INTELLECTUAL PROPERTY CLAUSES
· Lesson 1: The protection of intellectual property rights
· Lesson 2: The concept of an intellectual property right infringement
· Lesson 3: The consequences of an intellectual property rights infringement
· Lesson 4 : Enforcement of intellectual property rights in the digital age
· Summary
CHAPTER 4: ACCEPTANCE CLAUSES
· ACCEPTANCE CLAUSES
· Lesson 1: The different forms of acceptance tests
· Lesson 2 : The legal consequences of the PAC
· Lesson 3 : Mitigating the risks linked to the PAC
· Lesson 4 : The differences between PAC and final acceptance
· Summary
CHAPTER 5: CLAUSES THAT COVER UNFORESEEN AND EXCEPTIONAL CIRCUMSTANCES
· CLAUSES THAT COVER UNFORESEEN AND EXCEPTIONAL CIRCUMSTANCES
· Lesson 1 : The notion of “Force Majeure”
· Lesson 2 : The legal consequences of ”Force Majeure”
· Lesson 3: The concept of ”Hardship”
· Lesson 4: “Force Majeure” vs ”Hardship”
· Summary
CHAPTER 6: APPLICABLE LAW AND DISPUTE RESOLUTION CLAUSES
· APPLICABLE LAW AND DISPUTE RESOLUTION CLAUSES
· Lesson 1: The choice of applicable law
· Lesson 2: Civil law vs common law
· Lesson 3: The choice of a dispute resolution mecanism
· Lesson 4 : Alternative dispute resolution (“ADR”) mechanisms
· Summary
· QUIZ
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