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Academics Network

The purpose of this Network is to provide its members with a forum to share insights to new trends and emerging practices in the fields of contract, commercial and relationship management. We encourage the sharing of research and knowledge across the academic sector, and hope that collaborations amongst the members will lead to new insights and practices, as well as encourage the field of study to grow. A key goal is to grow the visibility of the study of contracts and commercial management along with roads to increased performance and professionalism.

 
 
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Academic Symposium on Contract and Commercial Management - Palo Alto, CA

You are cordially invited to register for the Academic Symposium on Contract and Commercial Management jointly sponsored by IACCM and Stanford Law School.Date: Friday, November 8, 2019Time: 8:30 am - 5:00 pm, followed by a receptionVenue: Stanford University in Palo Alto, CaliforniaThis invitation-only event is for senior industry and legal executives and leading academics in the field of contract and commercial management, and the focus is on sharing new research and ways of thinking in this area.  The day is organized to encourage robust discussion between presenters and attendees on the following topics:   The interplay of relationships, trust and legal contracts How a company should measure or value the risks of one contract or a portfolio of contracts.  The state-of-the-art strategies that companies use to manage contract risks.  Using digital technologies – such as machine learning and natural language processing – in commercial contracting Computable and smart contractsThis is an exciting event for leaders like you who truly understand the value of driving excellence in contracting and commercial management, and desire to become efficiently informed of latest developments in commercial contracting to be able to share within your organization.  Participation at the event is complimentary, and you will also have the opportunity to network with your peers in the post-event reception.  A detailed description of the program agenda and registration  are below. Academic Symposium Agenda: 8:30 am – Registration and morning coffee 9:15 am – Opening Remarks – George Triantis, Stanford Law School and Sally Guyer, CEO, IACCM 9:30 am – The interplay of relationships, trust and legal contracts. The interaction (as substitutes or complements) of legal and non-legal (whether relational or reputational) enforcement is of interest to both academics and practitioners.  Do contracts vary in practice depending on whether there are relational or reputational consequences to performance (or failure to perform), and how so? To what degree – and how - do parties in different contexts anticipate consensual renegotiation or adjustment (such as modifications or waivers) in their initial agreements? 10:45 am – Networking break 11:00 am – The role of lawyers in contract risk management. Contracts are risky instruments: they reduce, create and/or transfer a variety of ambient and legal risks and uncertainty.  How should a company measure or value the risks of one contract or a portfolio of contracts?  What are the state-of-the-art strategies that companies use to manage contract risks?  What role do lawyers, contract managers and other professionals play in the assessment and management of contract risks? How do they balance they roles as enablers of opportunities and guardians against risk?  Are they excessively risk averse at times so as to hinder value creation? 12:30 pm – Lunch 2:00 pm – Using digital technologies – such as machine learning and natural language processing – in commercial contracting.  What is the state of the art and how do these techniques enhance contract analytics, negotiation, design and drafting? 3:15 pm – Networking break 3:30 pm – Computable and smart contracts. What is the current state and future potential of automated execution through computable contracts or smart contracts on blockchains? 4:30 pm – Academic Research in Commercial Contracting Tim Cummins, President, IACCM and Qi Zhou (George), Associate Professor of Law, University of Leeds School of Law 5:00 – 6:30 pm – Reception

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10 Pitfalls to Avoid in Contracting

I note that the post is from November 2015. Would you say that the statistics for these 10 have remained the same in 2019? Is it possible to get more information about the survey that was conducted, where did the input come from? For example, what is the 9.2% financial benefit / Erosion based on?

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Jurisdiction

For Agreement between the Parties of differnet origin , the aurgument starts up on Jurisdiction and governing law for the AGreement. while both the Parties are interested in proposing law of their respective country to be made applicable to the AGreement, I want to know whether there is any list of prioritised or ranked Jurisdiction/ Govering law like World bank ranks each country a ranking for " ease in doing business" and almost 190 countrites are listed. For example, I propose indian law and other Party would prefer Laws of Singpore to be governing law. Can parties choose England and wales as nuetral or any other preferred law.

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