Negotiating Long-Term Requirements Contracts with Suppliers
Assigning Contractual Risks, Navigating Differing Court Interpretations of UCC Section 2-306
Recording of a 90-minute CLE webinar with Q&A
This CLE webinar will guide counsel in drafting, negotiating and enforcing long-term requirements contracts. The panel will review recent case law addressing long-term requirements clauses, discuss key clauses that should be included in the agreements to allocate risks and provide protections against market fluctuations, and outline steps counsel should take to minimize contractual pitfalls.
- Drafting risk allocation provisions that address common scenarios/challenges
- Schedule delays
- Minimum quantities
- Amendments and variations
- Expected and estimated purchase levels
- Changes to lead time
- “Notice of Requirements Reduction” provisions
- Avoiding and/or addressing contractual and enforcement pitfalls
The panel will review these and other key issues:
- What are the benefits and legal risks with long-term requirements contracts?
- What is the role of the stated estimated and expected levels of purchases in a requirements contract?
- How can businesses best mitigate risk when drafting and negotiating long-term requirements contracts?
Squire Patton Boggs
Mr. Nguyen is a deal lawyer, focusing his practice on commercial and corporate transactions in the technology and media... | Read More
Mr. Nguyen is a deal lawyer, focusing his practice on commercial and corporate transactions in the technology and media space. He counsels and assists clients with complex commercial arrangements, strategic relationships, financial regulatory matters, privacy and security matters, licensing, outsourcing, cyber law, intellectual property rights and rights of publicity and personality. He also helps his clients with accelerator and foundry formations and associated fund formations, mergers and acquisitions, corporate governance, corporate formation and other corporate matters.Close
Sarah K. Rathke
Squire Patton Boggs
Ms. Rathke provides counseling to manufacturers concerning their supply chain contracts, the applicable law governing... | Read More
Ms. Rathke provides counseling to manufacturers concerning their supply chain contracts, the applicable law governing international supply chain relationships, and the advisability of incorporating alternative dispute (arbitration) clauses into supply chain agreements. She specializes in manufacturing litigation, particularly complex supply chain disputes. She is a published author on supply chain issues.Close