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1、Review of English ContractI.ObjectiveII. PrinciplesIII. StrategyIV. ContentsObjectiveUnderstand how to analyze the risks contained in a contract, including the legal risks and commercial risksUnderstand the implication of each clause in a contract and have the basic skills to define the rights and o
2、bligations of different parties to the contract.II. Principles1. Put the contract in an international context if any.2. Put the contract in a bigger context if any and try to understand the background of the contract;3. Do what PRC lawyers can do or find the right person for it.4. Identify both lega
3、l & commercial risk.III. Strategy1. Helicopter review of the Contract(first main terms and conditions and then attachment);2. Detailed review of each clause;3. Check cross-reference;4.Helicopter review of the contractIV. Contents1. Title2. Recitals/preambles3. Terms and conditions4. ExecutionTitleSi
4、gnificance of titleRead: Draft/Subject toDraft:cover page/version/date/place2. Recitals1. Signing party1)underlying rationale of the signing party2.whereas(facts and purpose)1) underlying rationale of the facts statement;2) underlying rationale of the purpose statementNote: the recognition of the si
5、gnificance of the whereas parts/dilemma when conflicting with the main terms and conditions3. Time of signature1) underlying rationale of the time of signature4. Place of signature1) underlying rationale of the place of signature3.Main terms and conditions1.definition1) underlying rationale of defin
6、itionSome cases about improper definition2. Representation and warrants1) underlying rationale of representation and warrantsSome examples3.Main terms and conditions3. Operative Terms and Conditions Based on the specific contracts4. Price1)Forms of the pricing2)The pros and cons of the different pri
7、cing5.Payment1)Methods of payment;2) the pros and cons of the different methods of payment 6. Term 1) underlying rationale of term;3.Main terms and conditions7. Termination1) underlying rationale of termination2) conditions for the termination3) after-termination obligation.8. Breach of Contract (Re
8、medies of Breach of Contract /Limitation of Liability )1) underlying rationale of breach of contract;2) conditions for the breach of the contract;3) liability;4) limitation of liability(liquidation/exemption)3.Main terms and conditions9. Confidentiality1) significance of confidentiality;2) forms/con
9、fidentiality provision in the contract, undertakings/confidentiality agt3) confidentiality obligation in subcontract and assignment10. Force Majeure 1) common understanding of the definition of force majeure?2) significance of different contents of force majeure to different parties3) difference bet
10、ween Force Majeure and hardship11. Settlement of Disputes 1)different opinions on the applicable law to the contract and the dispute resolution clause.2) the protecting measure during the dispute resolution period3.Main terms and conditions12. Applicable Law/Governing Law 1) significance;2) (PRC law)optional or mandatory 13. Miscellaneous Provisions (Independent Contractor Relationship/
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