Contract DraftingClass 5 University of Houston Law Center Feb. 1, 2011 D. C. Toedt III
Today’s class In the news Plan for remainder of semester Legalese exercise 18-1 (p. 207) Stark exercise 5.1, cont’d (p. 44) Next week: reshuffle seating
In the news Gil Meche retires, passes up $12MM Good character, or poor judgment? “[C]areer-ending injury is simply a risk assumed by management ….”[link]
In the news: Egypt No cash No gas, food Suez Canal Containers sitting on docks Force majeure – how handle?
Semester plan: Do a “deal” Start a company, acquire another companyto get its key execs, Brainstorm key provisions for agreements Draft selected provisions Work in various style points, legal doctrines Building blocks
Semester plan: Do a “deal” • Letter of intent • LLC mgmtagrmt • Exec. empl. agrmt • Services agrmt • Empl. offer letter • Empl. agrmt. • Stock option agrmt • Headhunter agrmt • Business alliance agrmt • Asset sale agrmt • Stock purchase agrmt
Stark exercise Skim Stark chapter 6 for an in-class exercise
Preambles: Stark ch. 6 Which guideline(s) are most important? (P. 63)