Understanding specific clauses

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