Contracts Drafting and Negotiation Seminar – Fall 2012 Contact Information: John Ritsick Cell phone – 720.261.1420 Class Email Address: jrcontractsclass@gmail.com Office Hours: Tuesdays and Thursdays, 7pm-7:30pm and by appointment Texts: Required: DRAFTING CONTRACTS, Tina L. Stark (associated website: http://www.aspenlawschool.com/books/stark_contracts/default.asp) GETTING TO YES, Roger Fisher and William Ury Recommended: A MANUAL OF STYLE FOR CONTRACT DRAFTING, Kenneth A. Adams (2d. Ed.) Grades: Grades will be a combination of class participation, completion of Exercises, quality of Exercises and a final project (which may be in the form of an in-class exercise or final). Absences will result in lost points for participation. Consistent and substantive participation in class may result in the award of extra points. I will follow the School’s mandated curve for final grades. Exercises: Except as noted, references below to Exercises refer to the exercises in Stark’s Drafting Contracts. Students will deliver completed Exercises in Word (or Word-compatible format) to the class email address at least one hour in advance of the start of the assigned class. Many of the longer exercises that would require greater amounts of typing are available for copying at: http://www.aspenlawschool.com/books/stark_contracts/custom1materials.asp. Students will label exercises and use redlining in accordance with procedures explained in class. Days marked “None” or “In-class” for the Exercises entry means that there is no obligation to submit any exercise prior to the class. I reserve the right to adjust the syllabus as the semester progresses. Class No. 1. 2. Reading Assignment Introduction - Stark, pp. 3-10 - Frigaliment Importing Co. v. B.N.S. Int’l Sales Corp. (http://law.scu.edu/FacWebPage/Neustadter/contrac tsebook/main/cases/FrigalimentInterp.html) - Recommended: Adams, xxv-xxxi Translating Business Terms Into Contract Language: - Stark, pp. 11-34 Exercises None None In-class exercise 3. Parts of a Contract - Stark, pp. 37-48 Ex. 5-1, 5-2 4. Ambiguity/Contract Interpretation - Stark, pp. 235-261 - Travelers Ins. v. Saint-Gobain Tech. Fabrics Canada (http://cisgw3.law.pace.edu/cases/070131u1.html#c x) (focus on the warranty claim, skim the procedural stuff) - Recommended: Adams, Chpt. 10 and 11 Ex. 21-4, 21-6, 21-7 5. Legalese and Ease of Reading - Stark, pp. 201-226 - Recommended: Adams, Chpt. 16 18-1 through 18-7 6. Clear Drafting – Format, Sentence Structure and Numbers - Stark, pp. 227-234, 263-274 Ex. 19-1, 19-2, 20-1, 20-2, 20-3, 20-6, 22 7. Introductory Provisions and Definitions - Stark, pp. 49-93 - Milne v. Milne Const. Co. (http://law.justia.com/cases/oregon/court-ofappeals/2006/a125253.html) - Recommended: Chpt. 5 Ex. 6-1, 6-3, 7-7 8. Action Sections - Stark, pp. 95-107 Ex. 8-2, 8-3 9. Understanding the Deal - Stark, pp. 303-318 - Assignment of deal memo Ex. 25-1, 25-2, 25-3 10. Getting to Yes Part 1 - Fisher & Ury, 3-80 (- Position handouts provided in class) TBD 11. Non-Disclosure & Confidentiality - http://www.ccjer.org/confidentiality-agreementswhat-every-business-lawyer-should-know-fromorange-county-lawyer-magazine-october-2010-vol52-no-10-page-10.html In class: negotiation and drafting exercise - Gognat v. Ellsworth, Colo., 09SC963 (2011) - NDA exercise materials (assigned) 12. Representations, Warranties, Covenants and Rights - Stark, pp. 113-132 - http://www.adamsdrafting.com/2009/09/20/rs-andws-a-handy-558-word-analysis/ (try to read through some of the related threads, as well) - http://www.adamsdrafting.com/downloads/AdamsBusiness-Law-Today-Nov.-Dec.%202005.pdf Ex. 9-1, 9-2 - Uniform Commercial Code Art. 2, Sec. 313 13. Covenants, Rights and Conditions - Stark, pp. 125-145 - Recommended: Adams, pp. 31-65 Ex. 11-1, 11-2, 11-3, 12-1 - Deal memo first draft due 14. Discretion and Obligation pp. 147-156 Ex. 14-1, 14-2 15. Complex Provisions – Indemnification - Stark, pp. 293-299 In-class: negotiation and drafting exercise - UDC-Universal Dev., LP v. CH2M Hill (http://scholar.google.com/scholar_case?case=1 4705175541216899981&q=UDCUniversal+v.+CH2M+Hill,+%282010%29+181+Cal. App.4th+10&hl=en&as_sdt=2,6&as_vis=1) - Article http://www.dealeyrenton.com/Riskreviews/data/CH2 MHill%20case%20Weil%20AIA%20article%20&%2 0Indemnity%20Samples.pdf - Indemnification provisions (assigned) 16. Memo Review Memo review 17. Memo Review Memo review 18. Getting to Yes Part 2 - Fisher & Ury, pp. 97-148 TBD 19. “Endgame” Provisions Stark, pp. 157-163 Termination Contract exercise (assigned) In-class negotiation and drafting exercise 20. Boilerplate Stark, pp. 167-185 16-4, 16-5, 16-10 21. Signatures Stark, pp. 187-196 http://www.isaacbowman.com/the-history-ofelectronic-signature-laws - E-Sign (http://www.law.cornell.edu/uscode/15/usc_sup_01_ 15_10_96.html) (skim) - UETA (http://www.law.upenn.edu/bll/archives/ulc/ecom/uet a_final.pdf) (only briefly skim the commentary) (skim) - http://www.davidpetersson.com/2010/10/03/chopit-the-usage-of-chops-in-the-chinese-businessenvironment/ Memo to be assigned 22. Amendments, Consent & Waiver In-class exercise - Stark, pp. 361-374 - Position handouts 23. Miscellaneous Considerations - Stark, pp. 275-288 Ex. 23-1, 23-2 24. Negotiation Exercise Position handouts In-class exercise 25. The Drafting Process - Stark, pp. 321-344 Ex. 27-1, 27-3 26. Reviewing a Contract - Stark, pp. 345-358 Ex. 28-1 27. Purchase Agreements - Review position handouts - Review materials for Ex. 31-1 and 31-2 per handouts Ex. 31-1 and 31-2 per handouts 28. Reserved Reserved 29. Ethical Considerations - Stark, pp. 377-407 Ex. 30-1 through 30-5 (be sure to refer to the Appendix) 30. Conclusion/Final