Contract Law: Changes, Default and Disputes
Issues covered include: contact variation, estoppel, forbearance, contract disputes, arbitration clauses, arbitration decisions, insolvency, insolvency legislation, insolvency contracts, default contracts
Description
You’re instructed to prepare a contract for a client… Have you factored in the practical implications of default and insolvency? What if there is a contract dispute? And what happens if your client or the other party requires a variation? If not carefully considered, things are likely to get messy. Attend and gain the skills to get everything right from start to finish so you wind up with an unassailable contract and a satisfied client.
Attend and earn 3 CPD Hours
This seminar was recorded in NZ on 8 March 2019
9.00am to 10.00am: Variation of Contracts
- What are the legal requirements for an effective variation?
- What is the impact of waiver, forbearance and estoppel on contractual obligations?
- The effect of contractual clauses purporting to limit variation rights
- How does variation affect third parties?
- How to decide between a variation and a novation?
Presented by Laura O'Gorman, Partner and Anita Birkinshaw, Special Counsel, Buddle Findlay
10.05am to 11.05am: Contract Disputes and Arbitration Clauses
- Why include an arbitration clause?
- Advantages and disadvantages of arbitration
- Options for arbitration/rules
- How do arbitration clauses and summary judgment interrelate?
- Appeals from arbitration decisions
Presented by Tim Herbert, Barrister, High St Chambers
11.10am to 12.15pm: The Impact of Insolvency on Contracts
- What is insolvency?
- Examples of the impact of insolvency on common contracts:
- Employment
- Lease
- supply of essential services
- supply of goods agreement
- Examining the impact of insolvency legislation on the outcomes
- Practical implications and how the contractual parties react
Presented by Kate E Dekker, Partner – Deals and Steve White, Director, PwC
Learning Objectives
- Develop deeper understanding of contact disputes and arbitration clauses, and when and how to use them
- Gain practical skills to effectively vary a contract and the implications
- Examine how to use contracts to manage the risk of default and insolvency