A l’issue de la formation le participant devra être capable de :
• Understand Indemnification and Its Utility In Common Law Contracts
• Understand the term “Consequential Damages” and how to exclude them
• Understand how to properly exclude “Lost Profits”
• Learn How to Otherwise Limit Your Company’s Liability In Common Law Contracts ; Learn the Enforceability of Exclusions and Limitations under Common Law
• Understand the Carve-Outs From Limitations And Exclusions
• Learn How to Draft Indemnification Clauses, Exclusion Clauses and Limitation Of Liability Clauses
• Understand the Difference Between Buy-Side And Sell-Side Perspectives In Drafting These Clauses
Primer on Indemnification
-What is the history of indemnification?
-What are the 5 Elements of Indemnification?
-What is the difference among indemnification, duty to defend, hold harmless?
-Examples from recent U.S. Court Decisions: See the chaos that lawyers' errors have caused their clients
Exercises 1 and 2
Identify the elements of indemnification
Convert simple clause to supply side
Convert clause in MPA to customer side
Primer on Liability
-What are the types of damages recoverable under Common Law?
Exercise 3
Exclusions from Liability – Consequential Damages
-Analysis of UK seminal case: Hadley v. Baxendale
-What are consequential damages under Common Law?
-Are you correctly excluding them?
-Interplay between consequential damages and warranty exclusive remedy exclusions
-Comparison to French concept of indirect damages
Exclusions from Liability – Lost Profits
-Understand concept of direct vs. consequential lots profits
-Are you correctly excluding them?
-Convert customer's exclusion of consequential damages clause to supply side position
-Drafting tips for exclusions clauses, buy-side and sell-side
-How do recent U.S. and U.K. Court decisions define the concept?
Exercise 4
Drafting and exclusion of lost profits
Limitations of Liability
-Identification of the various limitations of liability, analysis under recent Court decisions
-Understanding the difference between “notwithstanding” and “without prejudice to”
-Analysis of caps on liability under recent Court decisions: multiple caps; interplay between cap and set-off; interplay between cap and interest
-How claim notice provision limits liability
-Pointers and drafting tips for limitation of liability clauses, buy-side and sell-side
Enforceability and Final Thoughts
-Enforceability of exclusion and limitations clauses
Carve-Outs
-Identifying carve-outs from limitation on liability clauses, buy-side and sell-side perspectives
Exercise 5
Role Play: Negotiating limitation of liability clauses in the model supply agreement
La certification qualité a été délivrée au titre de la catégorie d'actions suivantes :
actions de formations