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Legal Network

The purpose of this Network is to provide its members with insights to new trends and emerging practices in the fields of contract, commercial and relationship management. While these will be in the context of the Legal sector, they will draw from knowledge and ideas that are current and relevant in other sectors.  A key goal is to improve the performance of contracts and relationships in the sector.

The objectives will be met by sharing ideas, discussing challenges, exploring new directions and, where appropriate, initiating research or inviting experts to present on key topics in the sector related to contract, commercial and relationship management.

Meetings will be virtual (by phone or webinar) unless in specific cases there is an agreed wish to have physical meetings or workshops to develop specific initiatives.

Group Mission/Vision:

Provide its members with insights to new trends and emerging practices in the fields of contracting, commercial and relationship management in the sector.

 
 
Network Updates

Please help me with interpretation of below clause.

8. TERM AND TERMINATION (Pentaho) 8.1 Term. This Agreement will commence on the Effective Date, and unless otherwise stated on an Order Form, this Agreement will remain in effect for the a period of one (1) one years. Thereafter, this Agreement will automatically renew for additional one (1) periods at the then current List Price unless party provides at least sixty (60) days written notice to the other party intent not to renew. r message

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Can there be Sub-contracting Agreement between two companies (of different location) of same group ?

One of our group company signing Service Contract with ABC Company (External Client). This external clients whats to sign Sub-contracting Agreement with my group company and with my company too (these two are from same group). So there will be main Agreement between ABC Company with one of our group company and there will be another Sub-contracting Agreement between my group of companies. Can we enter in to such arrangement ?

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Parent Company Guarantee

We have a Guarantee Deed included in one of our overseas contracts, which was drafted by a legal firm in that jurisdiction, for that customer. Another prospect has reviewed a copy of the same deed but has requested one addition to the actual guarantee clause, as follows: "Any demand for payment or indemnity issued by the Client to the Guarantor, unless manifestly wrong, shall be conclusive and binding." We have approached the legal firm who drafted the document to comment, but they have declared internal conflict, in that commenting on the work previously drafted for one of their clients may present a risk of future conflict. I don't know the exact legal impact of this and wondered if anyone can help? a) Should we accept it? If we do what are the implications? OR b) If we should not accept this clause, why not? What are the legal / risk arguments for refusing? Many thanks

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Network Members