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Prepare to Grow
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Prepare to Grow. ISM New York/New Jersey Forum Conference 2010. CONTRACTS. What to Watch For Dr. Charles F. Petrolawicz. BACK TO BASICS. OFFER ACCEPTANCE NOTICE OF ACCEPTANCE. BACK TO BASICS. Written Terms Control Printed Terms Ambiguities Resolved Against Drafter. BACK TO BASICS.
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Prepare to Grow
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Presentation Transcript
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Prepare to Grow
ISM New York/New Jersey Forum Conference 2010 -
CONTRACTS
What to Watch For Dr. Charles F. Petrolawicz - BACK TO BASICS OFFER ACCEPTANCE NOTICE OF ACCEPTANCE
- BACK TO BASICS Written Terms Control Printed Terms Ambiguities Resolved Against Drafter
- BACK TO BASICS Statute of Frauds Parol Evidence Rule
- BACK TO BASICSExceptions: Lack of Voluntary Consent Ambiguous Contracts Incomplete Writings Subsequent Oral Contracts Conditions Precedent
- BACK TO BASICS E – COMMERCE “E – SIGN” ACT “SIGNED WRITING” Federal Law “PREEMPTS” Uniform Electronics Transactions Act (UETA) (Not New York)
- BACK TO BASICS MERCHANTS HELD TO HIGHER STANDARD
- BACK TO BASICS “Mirror Image” “Battle of the Forms” UCC 2-207 Uniform Commercial Code
- UNIFORM COMMERCIAL CODE STATE UCC FEDERAL UCC
- UNIFORM COMMERCIAL CODE SALES GOODS VS. SERVICES
- UNIFORM COMMERCIAL CODE 2-201 Formal Requirements Statute of Frauds (1) sale of goods $5,000 (NYS $500) “some record” “Signed” quantity of goods
- UNIFORM COMMERCIAL CODE 2-201 Formal Requirements Statute of Frauds (2)(Cont) Between merchants (reasonable time) party receiving reason to know its contents objection within 10 days
- UNIFORM COMMERCIAL CODE GAP FILLERS: COMMON TRADE PRACTICE COMMONLY USED TERMS
- UNIFORM COMMERCIAL CODE DELIVERY TERMS: SELLER’S PLACE OF BUSINESS
- UNIFORM COMMERCIAL CODE PRICE TERMS: REASONABLE PRICE
- UNIFORM COMMERC9IAL CODE TIME TERMS: REASONABLE TIME
- UNIFORM COMMERC9IAL CODE SHIPMENT CONTRACTS: FOB – FREE ON BOARD FAS – FREE ALONGSIDE CIF – COST, INSURANCE & FREIGHT C & F – COST & FREIGHT (DELIVER & LOAD SELLER’S RISK)
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