Contract DraftingClass 21Tues. Apr. 3

University of Houston Law Center

D. C. Toedt III

End-of-course planning

Reading: Z&B chapter 6

Homework questions to hand in – see handout being distributed

Final exam: Take-home portion

Handed out: Tues. Apr. 24 Due: At beginning of in-class final, May 8 No working together

In the news

What drafting lessons from this?

“SAN FRANCISCO — Less than four years after Huawei Technolo-gies and Symantec teamed up to develop computer network security products, the joint venture is being dismantled because Symantec feared the alliance with the Chinese company would prevent it from obtaining United States govern-ment classified information about cyberthreats.”

http://www.nytimes.com/2012/03/27/technology/symantec-dissolves-alliance-with-huawei-of-china.html

Common contract screw-ups

Common contract screw-ups

“4. The contract with missing schedules, or out-of-date versions of schedules.”

QUESTION: What do you do about it? [Discuss with your neighbor]

[From “Top 10 howlers when preparing contracts for signature,” by the IP Draughts blog at http://goo.gl/Km6Dw.]

Z&B Exercise 3F

Game plan

1. Buyers pair up, Sellers pair up

2. Each team writes down & hands in its three most important issues to negotiate

3. Buyer- and Seller teams pair up and negotiate; DCT consolidates lists of issues

4. Class discussion of issues chosen

End of class