A l’issue de la formation le participant devra être capable de :
• Understand Indemnification and Its Utility In Common Law Contracts
• Understand the Common Law Basis For The Exclusion Of “Consequential Damages”
• Understand the Common Law Basis For The Exclusion Of “Lost Profits”
• Learn How to Otherwise Limit Your Company’s Liability In Common Law Contracts
• Understand the Carve-Outs From Limitations And Exclusions
• Learn How to Draft Indemnification Clauses, Exclusion Clauses, Limitation Of Liability Clauses And Carve-Out 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?
Exercises 1 and 2
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 and Lost Profits
-US case: Hadley v. Baxendale
-What are consequential damages and lost profits under Common Law?
-What are direct and indirect lost profits?
-Are you correctly excluding them?
-Drafting tips for exclusions from liability clauses, buy-side and sell-side
-How do recent Court decisions define the concept?
Exercises 4 and 5
Analysis of 3 seemingly inconsistent cases defining consequential damages
Convert customer’s exclusion of consequential damages clause to supply side position
Limitations of Liability
-Identification of the various limitations of liability, analysis under recent Court decisions
-Pointers and drafting tips for limitation of liability clauses, buy-side and sell-side
Exercise 6
Supply side participants choose appropriate limitations of liability; Customer side participants choose appropriate limitations of liability
Enforceability and Final Thoughts
-Enforceability of exclusion and limitations clauses
-Summary of pointers and practice tips on limitations and exclusions
Carve-Outs
-Identifying carve-outs from limitation on liability clauses, buy-side and sell-side perspectives
-Discussion of fraud as a carve-out
Exercise 7
Supply side participants choose appropriate carve-outs; Customer side participants choose appropriate carve-outs
La certification qualité a été délivrée au titre de la catégorie d'actions suivantes :
actions de formations