Overview (Program Summary)
ACC Mid-America Chapter and Shook Hardy & Bacon LLP
Don’t Neglect the Boilerplate: Examining Contract Boilerplate
and Why it Matters
Presented by: Marty Behn and Dan Schwaller
Wednesday, October 7, 2020
12:00PM – 1:00PM
Program Description: If you’re a lawyer who regularly reads through what seems like needlessly long, boring, and repetitive contract terms, your desire to skim or ignore the boilerplate is understandable. But boilerplate terms can, in fact, be very impactful in contract dispute negotiations and litigation, and an evaluation of the merits of a case should often begin with a review of the contract’s boilerplate language. In this presentation we review and discuss some of the boilerplate contract language that most often gets contracting parties into and out of trouble.
Consider this timely example: force majeure. What was formerly considered a dull, boilerplate provision has suddenly become top of mind in the midst of the COVID-19 pandemic. Government-mandated shut downs, losing a significant portion of the workforce for weeks at a time, and even supply chain issues have become common problems, and the terms of a contract’s force majeure provision may dictate whether a company must continue performing under its contracts.
We will also cover several other boilerplate terms, including:
- Integration clauses
- Sandbagging provisions
- Modifications of statutes of limitations
- Introductory Terms: Parties, Defined Terms, and Recitals (10 minutes)
- Boilerplate Terms and their Importance (50 minutes)
We encourage members to bring an associate or colleague that may be interested in joining the ACC Mid-America Chapter. The Association of Corporate Counsel offers numerous benefits and resources to in-house counsel including CLE offerings and networking opportunities and we look forward to sharing that information with others in the field.
Click Here to Register by October 5, 2020
*Continuing Legal Education Credits pending in Kansas, Nebraska, and Missouri
Having trouble with the link? Please copy and paste this URL: https://us02web.zoom.us/webinar/register/WN_bK9_i1VJRLuuKZl-0z_2jg