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Contract Drafting Class 11 Tues. Feb 21. University of Houston Law Center D. C. Toedt III. Sort into teams for next two weeks. Common contract screw-ups. When spell-checker isn’t enough …. Sprinkle pasta dish with … salt, and … freshly ground black people

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contract drafting class 11 tues feb 21

Contract DraftingClass 11Tues. Feb 21

University of Houston Law Center

D. C. Toedt III

when spell checker isn t enough
When spell-checker isn’t enough …

Sprinkle pasta dish with …

salt, and …

freshly groundblack people

Copies pulped - $18K down the drain

letting sleeping dogs lie
Letting sleeping dogs lie …

Jan 2010:

CoCo’s contract lawyers might have chosen not to ask for a 11:35 pm start time guarantee …

passive voice exercise
Passive voice exercise

1. There is a considerable range of expertise demonstrated by the spam senders.

passive voice exercise1
Passive voice exercise

1. There is a considerable range of expertise demonstrated by the spam senders.

BETTER: “The spam senders demonstrated a considerable range of expertise.”

BETTER STILL: “Evidently some spammers are experts – others, not so much.”

review pros and cons of reps and warranties
Review: Pros and cons of reps and warranties
  • Representation
    • Not strict liability – must also prove scienter (intent or recklessness), plus justified reliance
    • “As of” date
    • Punitive damages, rescission
    • Burden of discovery, pre-trial motion practice
  • Warranty
    • Strict liability – scienter & reliance not relevant
    • Can survive for months / years
    • Fewer hassles with discovery, pre-trial motions
cbs v ziff davis sale of magazine division
CBS v. Ziff-Davis – sale of magazine division
  • Rep/warranty re financial statements
  • Due diligence: Accounting problems
  • Lawsuit: Misrep. + breach of warranty

(really: litigating the price afterwards)

  • Holding:
    • No misrep.: Reliance not justified
    • BUT: Warranty claim succeeded
  • Parties settled after appellate holding
warranty claims
Warranty claims:

RELIANCEPROOF

warranty claims1
Warranty claims:

SCIENTERPROOF

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