WebCredenza 2024 “Boilerplate” provisions in business and commercial contracts: Traps for the unwary

Recording available after original program date, 4/17/2024    

The “back of the book” provisions of common business, commercial and real estate agreements are often labeled “boilerplate,” copied and pasted from earlier agreements. But when disputes arise, these overlooked provisions – related to damages, choice of law and forum, notice, integration, and amendments – can determine the fate of a transaction. These provisions, if not closely examined in the context of every agreement, can provide grounds for litigation – or threats of litigation. This program will provide you with a practical guide to drafting essential “boilerplate” provisions with an emphasis on reducing risk. 

• Damages – types, limitations, drafting traps.
• Choice of law/choice of forum – what the law allows v. what parties prefer.
• Amendments – forms of written amendments, email, and course of dealing.
• Notice – adapting methods to digital communication, traps. 
• Integration – conversations, extraneous writings, and assumptions.    

Opinions and positions stated by presenters of MoBarCLE programs are those of the presenters and not necessarily those of The Missouri Bar. This program is intended as information for lawyers in Missouri, in conjunction with other research they deem necessary, in the exercise of their independent judgment.
    
Note: 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 GAL Certification, ethics, elimination of bias or Kansas credit.