Fundamentals of Contract Drafting: Sh. Bhumesh Verma, Advocate, Managing Partner

[@csprasadzinjurde1245]

Notes:
1. Why does the gap arise - due to gap in theory and practical/ experience
2. Drafting/review/negotiations
3. Gap in Expectations/draft/implementation/ enforcement
4. Need to fill gaps in the above-mentioned
5. Need simple language to implement and enforce effectively
How to do it??
1. Should be written to create evidence
2. Terms and conditions become a memory
3. Commitment and seriousness
4. Act as a filter remove non serious party
Please note - Convince yourselves first
Approach to drafting:
1. Wear the role of client
2. Don't draft like machine
3. Know the business, expectations, its customs, nature, overall culture of client
4. Ask questions for value addition
5. Value addition is the key
6. Value addition can be done when you have heuristic approach to drafting
7. Read, read and read - Always make sure what product you are serving....
Essential components:
1. Understanding the intent of parties
2. What are the preconditions
3. Rights and obligations of the party
4. Understanding the relationship and creating workable framework
5. Tenure of agreement.
6. Representations and warranties
7. Dispute resolution mechanism
8. Termination
9. Transaction specific clauses
10. Special attention to boiler plate clauses

[@padmanjalinanduri4115]

Wonderful speech. Thank you very much sir

[@Simon-po5jo]

What are the online courses available for contract drafting.

[@indrajitR]

thank you , it was interesting presentations.

[@sajidarju8012]

Nice..

[@shrutipendharkar6699]

Hello! Please let me know if you help with online internship in contract drafting

[@sajidarju8012]

Sir, how to apply for internship in Bhumesh Sir's office.