Hands on Digital Training on Drafting Commercial Contracts


Date and Time:

August 24, 2022 3:00 PM - 6:00 PM

August 25, 2022 3:00 PM - 6:00 PM

August 26, 2022 3:00 PM - 6:00 PM

Event Location:

Online, India

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Present business requires legal professionals to be strategic thinkers and being able to handle contracts in a manner that protects the interests of their organisation. Achromic Point brings this highly informative and exclusive training on 24th, 25th & 26th August 2022 which will focus on Legal Background and Structure, Elements in Drafting Commercial Contracts, Term and Termination, Legal Issues Arising from Contractual Clauses and much more.

Benefits of Attending:-

  • Examine assignment and novation to ensure you are suitably protected in the case of transfer or sale of rights
  • Get to grips with payments and interest terms to understand how penalties can be applied
  • Expand your knowledge of the risk of drafting a contract without a confidentiality clause
  • Understand the risks that can be created through poor drafting in practical exercises under the guidance of the expert
  • Discuss any disputes or issues you are facing with colleagues from other organisations to gain new ideas and perspectives
  • Master practical drafting techniques to write concise and effective agreements
  • Examine special contractual arrangements and letters of intent
  • Get up to date with the use and drafting of contractual warranties and indemnities
  • Understand the effect of exclusion and limitation clauses, and how they can be used to manage your exposure

Who should attend?

Heads, Directors, General Managers and Managers of:

  • Head-Contract Administration & Management
  • Head of Legal
  • Corporate Legal Counsel
  • General Counsel
  • Chief Counsel
  • Regional Counsel
  • Legal Managers
  • Corporate Legal Advisors
  • Company Secretaries
  • Senior Legal Practitioners
  • Legal Consultants
  • Lawyers

Thought Leaders:

  • Pratik Patnaik
    Principal Associate
  • Arti Narsana
    Principal Associate
    Vaish Associates Advocates
  • Prashant Jain
    Co- Founder & Managing Partner
    Samisti Legal
  • Isha Sinha
    General Manager | Group Head – Legal
    Medicover Hospitals
  • Kavita Jitani
    Senior Associates
  • Ajay Kumar
    Senior Associates

Event Timelines

24th August 2022 03.00 PM- 04.30 PM

Session 1: Legal Background and Structure

• Background to Contract Law:

(i) Indian Contract Act

(ii) Specific Relief Act

(iii) Sale of Goods Act

• Difference between letter of Intent, an Agreement and a contract 

• Key requirements of a contract

• Form requirements

• Electronic execution

• Ancillary agreements, meaning and relevance

Elements in Drafting Commercial Contracts

• How are offers distinguished from invitations, letters of intent and comfort statements?

• What procedures can be adopted to address post contract variation?

o Managing & Drafting International Contracts

 Negotiating Cross Border Agreements

 Key Considerations and Strategies in Drafting Cross Border Contracts

 Essentials in Drafting International Contracts

 Exclusions and Limitations of Liability

24th August 2022 04.30 PM - 06.00 PM

Session 2: Breach Remedies/Damages/Indemnities

• Exclusion and limitation clauses

• Damages

• Penalty

• Other reliefs

• Understanding WCI and why you cannot draft contracts without them

• Differences between warranties, undertakings and representations

• Specific examples in the context of M&A transaction

• ‘Materiality’ qualifiers ‘knowledge’ qualifies

• Differences between warranties and indemnities 

• Indirect or consequential losses

• How to draft effective indemnity

• Specific Relief

• Acceptance of risk

• Capping of risk

• Exclusion of risk

• Arguments used by each side when negotiating

• Drafting a liability clause: tips, tricks and techniques

• Limitation of liability

• Transferring contractual rights and obligations

• Transferring rights

• Assignment

• Novation

• Other transfers – sub-contracting

25th August 2022 03.00 PM - 04.30 PM

Session 3: Term and Termination; Entire Agreement Clauses; Governing Law, Jurisdiction and Dispute Resolution Clauses

• Term and termination       

• Purpose

• Term

• Termination

• Reasons for termination

• Consequences of termination

• Survival

• Entire agreement clauses

• Purpose

• Problem

• A new purpose

• The law

• Drafting a clause

• Documentary inclusion/exclusion

• Governing law, jurisdiction and dispute resolution clauses

• Governing law

• Jurisdiction

• Dispute resolution clauses

25th August 2022 04.30 PM - 06.00 PM

Session 4: Legal Issues Arising from Contractual Clauses

• Understand the proper usages of boilerplate or standard clauses (amendment, assignment, severability, etc.)

• Examine the clauses to sustain a joint venture agreement:

o Ownership and control

o Finance

o Deadlock

o Transfer of shares

o Pre-emption rights

• Review clauses pertaining to mergers and acquisitions agreement:

o Closing conditions (including the "MAC" clause) and how they work to control risk

26th August 2022 03.00 PM - 04.30 PM

Session 5: Negotiation Skills and Techniques to Ensure Effective Negotiations

• Understand key elements of successful negotiation techniques

• Develop a strategic approach to negotiation in the contracting process

• Comprehend the needs of negotiating parties

• Arriving to an agreement and gaining commitment at close of negotiation process

Protecting Your Corporation’s Asset – Intellectual Property

• Identify IP rights – how do they develop during the life of the contract

• Erroneous insistence on IP assignment in developing contracts

• Indemnity clauses in IP – what is fair?

• Identify types of IP – Copyright, design rights, trademarks, patents, licenses, software and hardware license, registered design license and assignments

• Global IPR license

26th August 2022 04.30 PM - 06.00 PM

Session 6: Understanding the Arbitration Process as an Alternative Dispute Resolution Mechanism

• Defining General Provisions Regulating Arbitration

• Ensuring an Effective Dispute Resolution Procedure

• rights, trademarks, patents, licenses, software and hardware license, registered design license and assignments

Planning For, Avoiding and Resolving Cross Border Contractual Disputes

• Developing strategies for minimizing and managing commercial disputes

• Choosing the relevant arbitration regime and body

• Drafting the dispute resolution clause to ensure successful completion of projects

• When are alternative dispute resolution provisions worth considering?

Sorry, Event Expired

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