The course applies concepts learned in the first year Contracts course to real world situations that students are likely to encounter in a business law practice. Students will learn how to translate business concepts into language that is legally enforceable. The course studies how to draft preambles, recitals, covenants, conditions, representations and warranties, termination provisions and the other elements of most standard business contracts. Through a series of individual and team-based exercises, students will learn how drafting a provision can affect the business deal and allocate risk. To build skills, the course focuses on two types of contracts -asset purchase agreements and employment contracts. However, the drafting skills covered are applicable to nearly any type of agreement. Students will be given an opportunity to work in groups and research a particular type of agreement of their choosing.
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