Contracts : a transactional approach / David Zarfes, Michael L. Bloom.
2011
KF801.A7 Z37 2011 (Map It)
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Details
Author
Title
Contracts : a transactional approach / David Zarfes, Michael L. Bloom.
Published
Austin : Wolters Kluwer Law & Business ; New York, NY : Aspen Publishers, [2011]
Copyright
©2011
Call Number
KF801.A7 Z37 2011
Edition
First edition.
ISBN
9780735510463 (pbk.)
0735510466 (pbk.)
9781454804086 (pbk. ; teacher's manual)
1454804084 (pbk. ; teacher's manual)
0735510466 (pbk.)
9781454804086 (pbk. ; teacher's manual)
1454804084 (pbk. ; teacher's manual)
Description
xxx, 257 pages ; 26 cm.
System Control No.
(OCoLC)683596994
Bibliography, etc. Note
Includes bibliographical references and index.
Series
Record Appears in
Added Author
Table of Contents
Contributions
xvii
Acknowledgments
xix
Preface
xxi
ch. One
Non-Disclosure and Confidentiality Agreements
1
A Practitioner Perspective: The Use and Purpose of NDAs
3
A.
Non-Disclosure Agreement in the Employment Context
4
Agreement on Confidentiality, Non-Competition and Non-Solicitation [The Coca-Cola Company]
5
1.
Recitals and Acknowledgments
8
2.
Consideration in "Unilateral" Non-Disclosure Agreements
10
3.
Tortious Interference: Legally Reaching a Third Party
11
A Practitioner Perspective: Tortious Interference and NDAs
11
4.
Employee's Duty of Confidentiality
12
5.
Trade Secrets
12
B.
Non-Disclosure Agreement in the Commercial Context
15
Microsoft Corporation Non-Disclosure Agreement [Microsoft Corporation and Electronic Arts Inc.]
15
1.
Integration and Merger Clauses
20
2.
Severability Clauses
21
3.
Third-Party Rights and Duties: Assignment and Third-Party Beneficiaries
22
a.
Assignment: Transferring Rights and Duties to a Third Party
22
b.
Binding Third Parties
24
c.
Benefitting Third Parties
24
4.
Termination and Survival
26
5.
Choice of Law and Forum
26
Drafting Note: Forum-Selection Clauses; Exclusivity and Courts
29
6.
Stipulating Remedies by Contract
29
a.
Stipulating Equitable Relief by Contract
29
b.
Stipulating Monetary Damages By Contract: Liquidated Damages
30
(1).
The "Reasonableness" of Liquidated-Damages Provisions
30
Drafting Note: Specifying Relevant Breaches in Liquidated-Damages Clauses
33
(2).
"Optional" Liquidated-Damages Provisions
34
(3).
"Alternative-Performance" Contracts
34
C.
The Enforceability and Limits of NDAs
37
Cody v. Harpo, Inc.
37
1.
The Limits of NDAs: Reasonableness, etc.
40
2.
Consideration and Employee Non-Disclosure Agreements
41
3.
The Distinction Between Non-Disclosure and Non-Compete Obligations
42
ch. Two
Employment Agreements
45
A Practitioner Perspective: The Emergence of Employment Law
46
A Practitioner Perspective: Negotiating the More Challenging Terms of Employment and Separation Agreements
49
A.
Executive Employment Agreement
50
Employment Agreement [Sirius XM Radio Inc. and Greenstein]
50
1.
Familiarity Breeds Fluency: A Review
63
2.
No-Oral-Modification Provisions
64
3.
Implied Waiver and No-Waiver Provisions
65
4.
Arbitration and Dispute Resolution
67
Drafting Note: Arbitration Provisions; "Arising out of" and "Related to"
69
5.
Waiving the Right to a Jury Trial
70
6.
Indemnifying a Corporate Officer
71
Drafting Note: Incorporating Outside Sources of Obligations
72
7.
Terminating the Employment Relationship
72
a.
Severance and Release
73
b.
Material Breach (and Substantial Performance)
75
c.
Constructive Termination
77
B.
Post-Employment Restrictive Covenants and Their Enforceability
78
1.
Covenants, Generally
78
2.
Restrictive Covenants: Obligations Not to Compete, Solicit, or Hire
78
A Practitioner Perspective: Retaining Employees and Post-Employment Restrictions
79
a.
Requirement of Reasonableness
81
b.
Lawyer's Agreement Not to Compete
83
c.
An Employer's Protectable Interest
84
Nike, Inc. v. McCarthy
84
d.
Reasonably in Restraint of Trade: Ancillarity
88
e.
Judicial Response to Overly Restrictive Clauses
89
ch. Three
Services Agreements
91
A Practitioner Perspective: The More Contentious Terms in Services Contracts
93
A.
Master Services Agreement
94
Confidential Master Services Agreement [AOL Inc. and Time Warner Inc.]
94
1.
Familiarity Breeds Fluency: A Review
119
2.
Master Agreements: Structure, Precedence, and Incorporation by Reference
120
3.
Definitions Sections
124
A Practitioner Perspective: The Perils of "Scope Creep"
126
4.
Service Levels and Credits
128
Section 12. Service Levels [Cowen Holdings, Inc. and Hewlett Packard Company]
128
A Practitioner Perspective: The Importance of Service Levels
132
5.
Notice and Waiver of Claims; Contractual "Statute of Limitations"
132
Drafting Note: Broad Provisions in Specific Sections
134
6.
Representations, Warranties, and Their Differences
134
CBS Inc. v. Ziff-Davis Publ'g Co.
135
a.
Understanding "Warranty" and "Representation" after Ziff-Davis
139
b.
Use of Representations and Warranties in Practice
144
c.
Implied Warranties and the Disclaimer Thereof
145
7.
Force Majeure Provisions and the Doctrine of Excuse
146
Drafting Note: "Including"
147
8.
Shifting Risk: Indemnification and Limitation of Liability
148
a.
Indemnification
149
Making Sense of Indemnity Agreements
150
A Practitioner Perspective: Warranty vs. Indemnity for IP Infringement
153
A Practitioner Perspective: Indemnification Issues in Practice
155
A Practitioner Perspective: Insurance Euphoria
157
b.
Limitation of Liability
158
A Practitioner Perspective: Limitations-of Liability "Carve-Outs" for Services
159
(1).
Understanding "Consequential" Damages
162
(a).
Distinguishing General and Consequential Damages
162
(b).
Distinguishing Consequential and the Litany
164
(2).
The Economic Loss Doctrine, Actions in Tort, and Limitation of Liability
165
(3).
Exclusive Remedies and Failure of Essential Purpose
166
(4).
The Interaction of Indemnification and Limitation-of-Liability Provisions
168
Drafting Note: "Herein" and Broadly Worded Limitations of Liability
170
Mobil Chem. Co. v. Blount Bros. Corp.
171
ch. Four
Agreements for the Sale of Goods
177
A.
The Scope of Article Two of the Uniform Commercial Code
178
1.
Some Background on the U.C.C.
178
An International Focus with Domestic Implications: The United Nations Convention on Contracts for the International Sale of Goods
180
2.
The Scope of Article Two
181
a.
What Is a "Good"?
182
b.
What Is a "Transaction in Goods"?
183
c.
"Mixed" Contracts for Both Goods and Services
185
B.
Master Purchase Agreement
187
Dell Supplier Master Purchase Agreement [Adaptec, Inc. and Dell Products L.P.]
188
Risk Memorandum (Fictional)
210
1.
Familiarity Breeds Fluency: A Review
214
2.
Revisiting No-Oral-Modification Provisions Under Article Two
216
3.
Conditions
217
Drafting Note: The Language of Conditions
217
4.
Open Price Terms
220
5.
Most-Favored-Nations Clauses
222
6.
Quantity: Output and Requirements Contracts
224
Advent Sys. Ltd. v. Unisys Corp.
226
7.
Delivery, Transfer of Title, and Risk of Loss
230
Understanding Terms of Delivery: Pre-Revised Article Two and "Incoterms"
232
8.
Acceptance and Rejection: Triggering Payment and Warranties
233
9.
Revisiting Warranties and Disclaimers Under Article Two
237
a.
Express Warranties
237
b.
Implied Warranties
238
10.
Licensing Intellectual Property
240
A Practitioner Perspective: Intellectual Property License Agreements
241
11.
The "Ipso Facto" Clause: Anticipating Bankruptcy
243
Understanding the "Ipso Facto" Clause
243
12.
The Implied Covenant of Good Faith and Fair Dealing
244
a.
The Implied "Fruits" of Express Provisions
246
b.
Performance Standards: "Commercially Reasonable" and "Best Efforts"
247
Index
251