Drafting Sales Agreements: UCC Issues & More - 2019

Originally presented on April 2, 2019

The sale of goods is one of the most common forms of commercial transactions.  The sales contracts governing these transactions can be quite complex and they must all comply with the Uniform Commercial Code Article 2.  The UCC governs contract formation, express and implied warranties, and outlines forms of breach of contract and types of remedies.  Compliance with the code enhances enforceability of the contract and expedites remedies upon breach.  However, when its many requirements are overlooked, contracts for sale of goods may be invalid and the underlying transaction void. This program will provide you with a practical guide to drafting and reviewing contracts for the sale of goods under UCC Article 2.

• Drafting and reviewing sales contacts – UCC Article 2/Sales compliance, essential terms, legal and practical considerations
• “Battle of forms,” methods of acceptance or rejection, and electronic contracting 
• Delivery, acceptance or rejection of goods by buyer
• Breaches for failure to deliver, non-conforming product, repudiation, failure to pay 
• Types and measure of damages for breach of contract by seller or buyer
• Express and implied warranties – fitness for purpose, merchantability, title infringement 
• Disclaimer of warranties and other techniques to limit scope of liability

Speaker: Christopher Tompkins, Jenner & Block, LLP, Chicago, IL

NOTE: This program was originally produced as a telephone seminar and is available on demand in streaming audio. This material qualifies for self-study credit only. Pursuant to Regulation 15.04.5, a lawyer may receive up to six hours of self-study credit in a reporting year. Self-study programs do not qualify for ethics or elimination of bias credit.