Achromic Point would like to invite you for our upcoming workshop on “Drafting and Negotiation of Commercial Contracts” along with “Vaish Associates Advocates” as our knowledge partner in Delhi on January 23, 2019 at Hotel Eros.

In today’s highly competitive and cost-conscious environment, negotiating and drafting commercial contracts is an important part of business activity and needs continual updating and enhancing. It requires legal professionals to be well versed with the drafting techniques and expertise to foresee the risk and have futuristic thinking to handle contracts in the best interest of their organization.

This workshop offers a unique opportunity to keep up to date with current developments in the law and practice from looking at recent case law on implied terms and the circumstances in which a court would enforce an express duty of good faith, through to an examination of specific terms such as those relating to assignment, transfer and third party rights. This training will also equip you with the skills necessary to effectively manage contractual pitfalls and implement dispute management.

Program Outline (Indicative)

Session - 1

Constituents of a Contract

Difference between letter of Intent, an Agreement and a contract

Converting MoU, Letter of Intent into a formal Contract

Force Majeure

Case Study

Damages

Rights of Indemnity Holder (Sec. 125)

Indemnity v. Damages

Liquidated Damages & Penalty

Warranty

Limitation of Liability

Procurement Contract

Governing Laws

Important points for enforcement and form requirements

Session - 2

Hands-on Workshop on Negotiation and Drafting

Understanding the needs of negotiating parties

Planning and Conducting Negotiation

Determining the rights of parties

Determining the obligation of parties

Drafting a Contract

Domestic Contracts

International Contracts

Analyzing the key elements in cross border agreement

Dispute Resolution & Jurisdiction Issues in International Contracts

Case Study

Session - 3

Arbitration and Dispute Resolution

What is Arbitration

Repositioning India for Arbitration Key Issues, Challenges and Way forward

Dispute Resolution Understanding & identifying dispute prone areas Possible consequences and the medium of dispute resolution mechanisms Remedies for disputes emerging from contracts



Speakers

Satwinder Singh

Partner, Vaish Associates Advocates

Kavita Jha

Partner, Vaish Associates Advocates

NPS Chawla

Associate Partner, Vaish Associates Advocates