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Contract Drafting Class 5

Contract Drafting Class 5

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Contract Drafting Class 5

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  1. Contract DraftingClass 5 University of Houston Law Center Feb. 1, 2011 D. C. Toedt III

  2. 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

  3. 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]

  4. In the news: Egypt No cash No gas, food Suez Canal Containers sitting on docks Force majeure – how handle?

  5. 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

  6. 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

  7. Exercise 18-1 Legalese(Stark p. 207)

  8. Exercise 5.1 Car contract, cont’d (Stark p. 44)

  9. Stark exercise Skim Stark chapter 6 for an in-class exercise

  10. Preambles: Stark ch. 6 Which guideline(s) are most important? (P. 63)

  11. Exercise 6-2 (p. 67)