Use of Terms and Conditions in Purchase Agreements - Webinar (Recorded)

Learn how to avoid potential contract minefields that can result in unwanted supply chain disruption, time-consuming disputes, and claims for damages.

Smart drafting of Terms & Conditions for use with purchase agreements is paramount for any professional involved in drafting, interpreting, or implementing such agreements. Terms & Conditions appear in many everyday commercial agreements that control purchasing contracts, including supply agreements, quotations, and purchase orders. Whether the agreement is for the purchase of goods or services, the controlling Terms & Conditions will dictate many of the key contractual provisions among the parties to the contract. This webinar is designed to guide the professional through the potential minefields that can result in unwanted supply chain disruption, time-consuming disputes, and even claims for damages. Well-drafted, tailored Terms & Conditions can help avoid those distractions, allow contracting parties to spend time on the important things, and stay focused on growing their businesses.

Learning Objectives

• You will be able to discuss the necessity for and timing of implementing Terms & Conditions in business agreements.
• You will be able to evaluate warranty terms, provisions for rejection, default, and damages, including the implementation of liquidated damages when necessary.
• You will be able to examine the importance of arbitration clauses and their impact on business contracts.
• You will be able to assess the significance of selecting the appropriate jurisdiction and applicable state, federal, or international laws for enforcing business contracts.