Understanding Common Business Contracts - 2234

Understanding Common Business Contracts
Class Term:
Spring Term 2022-2023
Catalog Number:
5156
Professor(s):

Professor

Type:
Simulation Course
Credits:
2 (2 Contact, 0 Field)
Graduation Requirements:
Experiential Learning
Priority:
General Enrollment Course
Full Year Course:
No
Category:
Standard Courses

Grading Details

There will be five assignments where students will be asked to negotiate contract language, to draft it, and/or to provide an oral presentation describing their negotiation process. 

Description

Most 1L contracts courses give little attention to the structuring of actual contracts.  While this is commonly remedied in upper level courses, even there the major focus tends to be on larger corporate deals (mergers and acquisitions, construction contracts, credit and financing arrangements, etc.).  In fact, a large number of contracts in the world that lawyers negotiate and draft are smaller in dollar value, and yet extraordinarily important to understand and master.  This class will introduce you to these contracts, and show you how they are structured and drafted.  In so doing, we will discuss terms and conditions that are frequently subject to negotiation.  We will also discuss different drafting alternatives to resolve such issues.  

Understanding Common Business Contracts