(Webinar) Contract Drafting – The Basics and Essentials: Three -Part Lunchtime Series

The Basics and Essentials – Part 1

Monday, September 18, 2023 | 1:00 pm – 3:00 pm

The Basics and Essentials – Part 2

Monday, October 16, 2023 | 1:00 pm – 3:00 pm

The Basics and Essentials – Part 3

Monday, November 13, 2023 | 1:00 pm – 3:00 pm

Program Instructor Program Instructor

Ponnie Maddux
Sarmasti, PLLC

Suleman Malik
Gordon Rees Scully Mansukhani, LLP

  • This three-part webinar introduces the basics of contract drafting, review, and negotiation. In this series, participants will learn the nuts and bolts of contract drafting, starting with the overall framework, language, definitions, and a breakdown of contractual terms, and provisions. From there, the series will provide a deeper look into common contract-drafting pitfalls and the best way to avoid these issues from a litigation perspective, including issues of ambiguity, boilerplate provisions, arbitration provisions, forum selection, and confidentiality clauses. Finally, the series will examine how to best negotiate contracts and provisions and will explore recent issues and trends including the importance of force majeure clauses in the age of Covid-19 and the role of A.I. and contract automation in the present and future. Overall, through examples and sample agreements, participants will learn about specific contractual provisions and receive practical information that will help them understand, draft, and review contracts in a way to avoid ambiguity and potential disputes.

    The Basics and Essentials – Part I

    •     Parts of a Contract
    •     The Framework of a Contract from Top to Bottom
    •     The Initial Paragraphs
    •     Definitions Section
    •     Ambiguity and Vagueness
    •     The Heart of the Agreement
    •     Finishing the Agreement
    •     Sample Short Form Agreements
    •     The Use of “Shall” and “Will”

    The Basics and Essentials – Part II

    •     Common Contract-Drafting Pitfalls
    •     Contract Drafting From A Litigation Perspective
    •     Solidifying the Covenants, Reps and Warranties
    •     Boilerplate Provisions
    •     Arbitration Provision
    •     Translating Terms into Provisions
    •     Insurance Contracts
    •     Additional Insureds
    •     Key Insurance Provisions
    •     Breach and Termination of a Contract
    •     Requirements/Obligations
    •     Notice Requirements
    •     Sample Short Form Agreements
    •     Ethical Considerations

    The Basics and Essentials – Part III 

    • A Firm Hypothetical: The Deal between the Parties
    • Negotiating to Your Advantage
    • Non-Compete Provisions & Recent Trends
    • Audit and Inspection Rights
    • Preparing for Breach / Types of Remedies
    • Force Majeure Clauses
    • Contracts in the Age of Covid-19
    • The Role of A.I. & Contract Automation
    • Sample Agreements

    Program Fee:
    Each Program: $149 Member | $249 Nonmember

  • 1:00 p.m. – 1:05 p.m.
    Introduction/General Overview

    1:05 pm – 1:20 pm
    Parts of a Contract

    1:35 p.m. – 1:40 p.m.
    The Framework of a Contract from Top to Bottom

    1:40 p.m. – 1:55 p.m.
    The Initial Paragraphs

    • Preamble
    • Recitals
    • Words of Agreement

    1:55 pm – 2:00 pm
    Definitions Section

    2:00 p.m. – 2:15 p.m.
    Ambiguity and Vagueness 

    • Risks and advantages of ambiguity
    • Proving meaning and intent
    • A few practical tips

    2:15 p.m. – 2:30 p.m.
    The Heart of the Agreement

    • Terms and Conditions
    • Consideration
    • Representations and Warranties
    • Indemnification

    2:30 pm – 2:35 pm
    Finishing the Agreement

    • Endgame Provisions
    • Signature Lines
    • Exhibits and Schedules

    2:35 pm – 2:45 pm
    Sample Short Form Agreements

    2:45 pm – 2:50 pm
    The Use of “Shall” and “Will

    2:50 pm – 3:00 pm
    The Top 3 Takeaways

  • 1:00 pm – 1:05 pm
    Introduction and Recap

    1:05 pm – 1:15 pm
    Common Contract-Drafting Pitfalls

    1:15 pm – 1:25 pm
    Contract Drafting From A Litigation Perspective

    1:25 pm – 1:40 pm
    Solidifying the Covenants, Reps and Warranties

    1:40 pm – 1:55 pm
    Boilerplate Provisions

    • Confidentiality
    • Attorneys’ Fees and Costs
    • Jury Trial Waiver
    • Forum Selection

    1:55 pm – 2:05 pm
    Arbitration Provision

    2:05 pm – 2:20 pm
    Translating Terms into Provisions

    • Monetary Calculations and Distributions
    • Formulas
    • Remedies

    2:20 pm – 2:30 pm
    Insurance Contracts

    • Additional Insureds
    • Key Insurance Provisions

    2:30 pm – 2:35 pm
    Breach and Termination of a Contract

    • Requirements/Obligations
    • Notice Requirements

    2:35 pm – 2:45 pm
    Sample Short Form Agreements

    2:45 pm – 2:50 pm
    Ethical Considerations

    2:50 pm – 3:00 pm
    The Big Picture /Q&A/ The Top 3 Takeaways

  • 1:00 p.m. – 1:05 p.m.              Introduction and Recap

    1:05 p.m. – 1:10 p.m.              A Firm Hypothetical: The Deal between the Parties

    1:10 p.m. – 1:15 p.m.              Negotiating to Your Advantage

    1:15 p.m. – 1:30 p.m.              Non-Compete Provisions & Recent Trends

    1:30 p.m. – 1:45 p.m.              Audit and Inspection Rights

    1:45 p.m. – 1:55 p.m.              Preparing for Breach / Types of Remedies

    1:55 p.m. – 2:05 p.m.              Short Break

    2:05 p.m. – 2:20 p.m.              Force Majeure Clauses

    2:20 p.m. – 2:35 p.m.              Contracts in the Age of Covid-19

    2:35 p.m. – 2:45 p.m.              The Role of A.I. & Contract Automation

    2:45 p.m. – 2:50 p.m.              Sample Agreements

    2:50 p.m. – 3:00 p.m.              The Big Picture / Q&A / The Top 3 Takeaways

  • Part I

    New York: 2.0 Skills
    New Jersey: 2.4 General
    California: 2.0 Skills
    Pennsylvania: 2.0 General

    Part II

    New York: 2.0 Skills
    New Jersey: 2.4 General
    California: 2.0 Skills
    Pennsylvania: 2.0 General

    Part III

    New York: 2.0 Skills
    New Jersey: 2.2 General
    California: 2.0 General
    Pennsylvania: 1.5 General

  • Sponsorship Opportunities are Available! Please Contact:
    Yelena Balashchenko, Manager, Business Development & Sponsorships | (212) 382-6608 | ybalashchenko@nycbar.org