|
CH01
|
Chapter 1
|
Mechanics of Document Drafting
|
|
01-001
|
§1.1
|
Checklist: Drafting Steps
|
|
CH02
|
Chapter 2
|
Drafting Principles: Strategy, Standards, and Ethics
|
|
02-001
|
§2.1
|
Checklist: Drafting Principles
|
|
02-009
|
§2.9
|
Example of Legalistic Terminology in Noncompetition Agreement Recitals
|
|
02-010
|
§2.10
|
Example of Plain English in Noncompetition Agreement Recitals
|
|
02-018
|
§2.18
|
Provisions for Conflict of Interest Disclosure and Waiver Letter to New Client
|
|
CH03
|
Chapter 3
|
Preliminary Considerations
|
|
03-001
|
§3.1
|
Checklist: Preliminary Considerations
|
|
CH04
|
Chapter 4
|
Client Interview
|
|
04-001
|
§4.1
|
Checklist: Client Interview
|
|
CH05
|
Chapter 5
|
Format of the Agreement: Appearance and Introductory Information
|
|
05-001
|
§5.1
|
Checklist: Formatting the Agreement
|
|
05-007
|
§5.7
|
Headings With Limited Legal Effect
|
|
05-008
|
§5.8
|
Headings With No Legal Effect
|
|
05-014
|
§5.14
|
Sample Provisions for Identification of Parties
|
|
05-016
|
§5.16
|
Basic Introductory Clause
|
|
05-022
|
§5.22
|
Sample Recitals
|
|
05-026
|
§5.26
|
Sample Provisions for Proximity Method of Defining Terms
|
|
05-028
|
§5.28
|
Sample Provision for Collection Method of Defining Terms
|
|
05-029
|
§5.29
|
Sample Provision for Proximity-Collection Hybrid Method of Defining Terms
|
|
05-031
|
§5.31
|
Introduction to Glossary
|
|
05-032
|
§5.32
|
Reference to Glossary in Agreement
|
|
05-035
|
§5.35
|
Mechanics
|
|
CH06
|
Chapter 6
|
Duration of the Agreement
|
|
06-001
|
§6.1
|
Checklist: Duration of Agreement
|
|
06-003
|
§6.3
|
Standard Duration Clause
|
|
06-004
|
§6.4
|
Conditional Effective Date
|
|
06-006
|
§6.6
|
Automatic Extension
|
|
06-007
|
§6.7
|
Mutually Agreeable Extension
|
|
06-008
|
§6.8
|
Either Party May Extend
|
|
06-008A
|
§6.8A
|
Only One Party May Extend
|
|
06-014
|
§6.14
|
Return of Confidential Information
|
|
06-015
|
§6.15
|
Rights and Obligations Cease
|
|
06-016
|
§6.16
|
Survival of Certain Rights and Obligations
|
|
06-017
|
§6.17
|
Obligation to Negotiate
|
|
06-018
|
§6.18
|
Sample Provision for Consequences of Early Termination of Distributor Agreement Providing Exclusive Territory
|
|
06-020
|
§6.20
|
Automatic Termination
|
|
06-021
|
§6.21
|
Optional Termination
|
|
06-022
|
§6.22
|
Binding on Successor Corporation
|
|
06-023
|
§6.23
|
Termination on Bankruptcy
|
|
06-024
|
§6.24
|
Termination on Death
|
|
06-025
|
§6.25
|
No Termination on Death
|
|
06-026
|
§6.26
|
Termination on Breach of Agreement
|
|
06-027
|
§6.27
|
Termination on Violation of Law
|
|
06-028
|
§6.28
|
Termination on Loss of License
|
|
06-029
|
§6.29
|
Termination by Mutual Agreement
|
|
06-030
|
§6.30
|
Absolute Termination Right by Either Party
|
|
06-032
|
§6.32
|
Time of Closing
|
|
06-033
|
§6.33
|
Survival of Representations, Warranties, and Obligations
|
|
06-034
|
§6.34
|
Termination of Purchase and Sale Agreement Before Closing
|
|
06-035
|
§6.35
|
Term for Option
|
|
06-037
|
§6.37
|
Termination for Cause—Specifying All Causes for Termination
|
|
06-038
|
§6.38
|
Termination for Cause—Nonexhaustive Definition of Cause
|
|
06-039
|
§6.39
|
Termination on Disability
|
|
06-040
|
§6.40
|
Termination for Specified Period of Absences
|
|
06-041
|
§6.41
|
Termination at Will
|
|
06-042
|
§6.42
|
Payment Obligations After Termination
|
|
06-044
|
§6.44
|
Termination Because of Sale or Destruction of Property
|
|
06-045
|
§6.45
|
Waiver of Statutory Rights of Termination
|
|
CH07
|
Chapter 7
|
Factual Basis of the Agreement: Recitals, Representations, and Warranties
|
|
07-001
|
§7.1
|
Checklist: Factual Basis
|
|
07-009
|
§7.9
|
Sample Provisions for Other Typical Representations and Warranties
|
|
07-011
|
§7.11
|
Disclaimer of Warranties of Merchantability and Fitness for Particular Purpose
|
|
07-012
|
§7.12
|
Disclaimer of Warranty of Title
|
|
07-013
|
§7.13
|
Disclaimer of Warranty Against Infringement
|
|
07-013A
|
§7.13A
|
As-Is Provisions Concerning Sale of Assets of Business
|
|
CH08
|
Chapter 8
|
Consideration
|
|
08-001
|
§8.1
|
Checklist: Consideration
|
|
08-005
|
§8.5
|
Allocation of Purchase Price
|
|
08-007
|
§8.7
|
Adjusting Rental Payments Based on Change in Consumer Price Index
|
|
08-008
|
§8.8
|
Amount of Royalty
|
|
08-009
|
§8.9
|
Payment Terms
|
|
08-010
|
§8.10
|
Review of Records to Verify Amount Due
|
|
08-011
|
§8.11
|
Adjusting Purchase Price Based on Fluctuating Assets
|
|
08-017
|
§8.17
|
Payment by Cashier’s or Certified Check
|
|
08-018
|
§8.18
|
Payment by Wire Transfer
|
|
08-020
|
§8.20
|
Payment by Letter of Credit
|
|
08-022
|
§8.22
|
Note to be Delivered at Closing
|
|
08-029
|
§8.29
|
Provision for Usury Limitation
|
|
08-036
|
§8.36
|
Performance of Services
|
|
08-037
|
§8.37
|
Transfer of Stock
|
|
08-038
|
§8.38
|
Transfer of Assets
|
|
08-039
|
§8.39
|
Assumption of Liabilities
|
|
CH09
|
Chapter 9
|
Covenants
|
|
09-001
|
§9.1
|
Checklist: Covenants
|
|
09-011
|
§9.11
|
Covenant Not to Compete
|
|
09-013
|
§9.13
|
At-Will Employment
|
|
09-014
|
§9.14
|
Nondisclosure Covenant
|
|
09-015
|
§9.15
|
Checklist for Components of Covenants
|
|
CH10
|
Chapter 10
|
Conditions
|
|
10-001
|
§10.1
|
Checklist: Conditions
|
|
10-006
|
§10.6
|
Condition Subsequent
|
|
10-011
|
§10.11
|
Satisfaction as a Condition
|
|
10-014
|
§10.14
|
Sample Provision for Closing Subject to Conditions
|
|
10-018
|
§10.18
|
Introductory Language for Conditions Precedent to Buyer’s Performance
|
|
10-019
|
§10.19
|
Accuracy of Seller’s Representations and Warranties
|
|
10-020
|
§10.20
|
Performance by Seller
|
|
10-021
|
§10.21
|
No Material Adverse Change
|
|
10-022
|
§10.22
|
Certification by Seller
|
|
10-023
|
§10.23
|
Opinion of Seller’s Counsel
|
|
10-024
|
§10.24
|
Absence of Litigation
|
|
10-025
|
§10.25
|
Letter Regarding Changes
|
|
10-026
|
§10.26
|
Corporate Approval
|
|
10-027
|
§10.27
|
Deeds and Title Policies
|
|
10-028
|
§10.28
|
Franchise Tax Board Clearance
|
|
10-029
|
§10.29
|
Employment Development Department’s Release
|
|
10-030
|
§10.30
|
Sales and Use Tax on Prior Sales
|
|
10-031
|
§10.31
|
FIRPTA Withholding
|
|
10-032
|
§10.32
|
Consents
|
|
10-033
|
§10.33
|
Employment Agreement
|
|
10-034
|
§10.34
|
Approval of Documentation
|
|
10-035
|
§10.35
|
Introductory Language for Conditions Precedent to Seller’s Performance
|
|
10-036
|
§10.36
|
Accuracy of Buyer’s Representations and Warranties
|
|
10-037
|
§10.37
|
Buyer’s Performance
|
|
10-038
|
§10.38
|
Opinion of Buyer’s Counsel
|
|
10-039
|
§10.39
|
Buyer’s Corporate Approval
|
|
10-040
|
§10.40
|
Qualification With California Commissioner of Corporations
|
|
10-041
|
§10.41
|
Listing of Buyer’s Stock
|
|
10-042
|
§10.42
|
Absence of Litigation
|
|
CH11
|
Chapter 11
|
Risk Allocation
|
|
11-001
|
§11.1
|
Checklist: Risk Allocation Devices
|
|
11-005
|
§11.5
|
Transfer of Risk of Loss When Property Delivered
|
|
11-006
|
§11.6
|
No Assumption of Liabilities
|
|
11-008
|
§11.8
|
Exclusion of Assumption of Liabilities
|
|
11-010
|
§11.10
|
Transfer of Risk
|
|
11-012
|
§11.12
|
Tenant Undertakes Maintenance and Repair (Pro-Landlord)
|
|
11-026
|
§11.26
|
Indemnification for Specific Third Party Claims (Pro-Indemnitee)
|
|
11-027
|
§11.27
|
Indemnification for Specific Third Party Claims (Pro-Indemnitor)
|
|
11-028
|
§11.28
|
Indemnification for Misrepresentation or Breach of Warranty (Pro-Indemnitee)
|
|
11-029
|
§11.29
|
Time Limitations on Survival of Representations, Warranties, and Agreements
|
|
11-030
|
§11.30
|
No Time Limitations on Survival of Representations, Warranties, or Agreements
|
|
11-031
|
§11.31
|
Limitation on Time to Bring Action
|
|
11-032
|
§11.32
|
Indemnification Provision in Agreement for Sale of Business
|
|
11-033
|
§11.33
|
Indemnification Provision in Lease Agreement for Hazardous Materials (Pro-Indemnitee)
|
|
11-034
|
§11.34
|
Indemnification Provision for Patent or Copyright Infringement (Pro-Indemnitor)
|
|
11-035
|
§11.35
|
Notice Provision
|
|
11-036
|
§11.36
|
Indemnification Threshold; Indemnitor Liable for All Losses After Threshold Reached
|
|
11-037
|
§11.37
|
Indemnification Threshold; Indemnitee Liable for All Losses up to Threshold
|
|
11-038
|
§11.38
|
Limited Indemnification Liability
|
|
11-039
|
§11.39
|
Right of Setoff
|
|
11-051
|
§11.51
|
Sample Mutual General Release Provision in Termination Agreement
|
|
11-052
|
§11.52
|
Limited Warranty for Sale of Goods Provision
|
|
11-053
|
§11.53
|
Limitation of Remedies
|
|
11-054
|
§11.54
|
Exculpation of Landlord
|
|
11-055
|
§11.55
|
Option to Expand Liability
|
|
11-056
|
§11.56
|
Exculpation and Release Provision for Hazardous or Recreational Activity
|
|
11-060
|
§11.60
|
Waiver
|
|
CH12
|
Chapter 12
|
Legal Opinions
|
|
12-001
|
§12.1
|
Checklist: Legal Opinions
|
|
12-006
|
§12.6
|
Limitation on Use of Opinion
|
|
12-009
|
§12.9
|
Opinion Condition in Transaction Documents
|
|
12-011
|
§12.11
|
Materials on Which Opinion Preparer Relied
|
|
12-013
|
§12.13
|
Role of Opinion Preparer as Special Counsel
|
|
12-015
|
§12.15
|
California Law
|
|
12-018
|
§12.18
|
Corporate Status—California Corporations
|
|
12-020
|
§12.20
|
Corporate Status—Qualification in Other States
|
|
12-022
|
§12.22
|
Corporate Power and Corporate Authority
|
|
12-024
|
§12.24
|
Due Authorization
|
|
12-026
|
§12.26
|
Capital Shares
|
|
12-028
|
§12.28
|
Remedies Opinion
|
|
12-030
|
§12.30
|
No-Violation Opinion
|
|
12-032
|
§12.32
|
Negative Assurance on Litigation
|
|
12-034
|
§12.34
|
Consent of Governmental Authority
|
|
CH13
|
Chapter 13
|
Rights of Nonparties: Assignment, Delegation, and Third Party Beneficiaries
|
|
13-001
|
§13.1
|
Checklist: Rights of Nonparties
|
|
13-013
|
§13.13
|
Prohibition of Assignment and Delegation (Both Parties Prohibited From Assigning Rights or Delegating Duties)
|
|
13-013A
|
§13.13A
|
Prohibition of Assignment and Delegation (One Party Prohibited From Assigning Rights or Delegating Duties)
|
|
13-014
|
§13.14
|
Due-on-Sale Provision
|
|
13-015
|
§13.15
|
Assignment and Delegation Expressly Permitted
|
|
13-017
|
§13.17
|
Assignment Permitted
|
|
13-018
|
§13.18
|
Assignment Prohibited
|
|
13-019
|
§13.19
|
Assignment Permitted on Compliance With Conditions
|
|
13-021
|
§13.21
|
General Prohibition of Assignment
|
|
13-022
|
§13.22
|
Lessor to Receive Benefits of Assignment or Sublease
|
|
13-023
|
§13.23
|
Dissolution, Merger, or Similar Transfer Deemed Assignment When Lessee Is Corporation
|
|
13-028
|
§13.28
|
Introduction
|
|
13-029
|
§13.29
|
Recitals
|
|
13-030
|
§13.30
|
Granting Provision for Assignment
|
|
13-031
|
§13.31
|
Obligations of Assignee
|
|
13-032
|
§13.32
|
Purpose of Assignment
|
|
13-033
|
§13.33
|
Further Assurances
|
|
13-034
|
§13.34
|
Representations and Warranties
|
|
13-035
|
§13.35
|
Assignor’s Covenants
|
|
13-036
|
§13.36
|
Appointment of Attorney-in-Fact
|
|
13-037
|
§13.37
|
Indemnification
|
|
13-040
|
§13.40
|
Consent to Assignment
|
|
13-041
|
§13.41
|
Notice of Assignment
|
|
13-044
|
§13.44
|
No Third Party Beneficiary Intended
|
|
CH14
|
Chapter 14
|
Defining Events of Default
|
|
14-001
|
§14.1
|
Checklist: Events of Default
|
|
14-002A
|
§14.2A
|
Definitions of Event of Default and Default
|
|
14-003A
|
§14.3A
|
Notice of Default
|
|
14-004
|
§14.4
|
Nondefaulting Party’s Right to Cure and Be Reimbursed
|
|
14-005
|
§14.5
|
Introduction to Events of Default Provision
|
|
14-008
|
§14.8
|
Failure to Pay Amount Due
|
|
14-009
|
§14.9
|
Failure to Perform Other Covenants
|
|
14-010
|
§14.10
|
Anticipatory Breach
|
|
14-012
|
§14.12
|
Force Majeure Events Resulting in Excuse or Suspension of Performance
|
|
14-013
|
§14.13
|
Force Majeure Events Resulting in Apportionment Costs
|
|
14-014A
|
§14.14A
|
Representation and Warranty Bring-Down Certificate
|
|
14-015
|
§14.15
|
Breach of Representation or Warranty or of Other “Factual” Information Found Untrue
|
|
14-020
|
§14.20
|
Insolvency Provisions
|
|
14-022
|
§14.22
|
Cross-Default Clause
|
|
14-023
|
§14.23
|
Cross-Default and Cross-Acceleration Clauses
|
|
14-023B
|
§14.23B
|
Revocation of Guaranty
|
|
14-023C
|
§14.23C
|
Replacement Letter of Credit
|
|
14-025
|
§14.25
|
Party Deems Itself Insecure
|
|
14-027
|
§14.27
|
Judgments Rendered Against Party
|
|
14-028
|
§14.28
|
Validity of Agreement Challenged
|
|
14-029
|
§14.29
|
Lien Not Perfected
|
|
CH15
|
Chapter 15
|
Remedies
|
|
15-001
|
§15.1
|
Checklist: Remedies
|
|
15-005
|
§15.5
|
Sample Liquidated Damages Provision
|
|
15-007
|
§15.7
|
Exclusion of Consequential and Incidental Damages
|
|
15-009
|
§15.9
|
Mitigation of Damages
|
|
15-011
|
§15.11
|
Postdefault Interest
|
|
15-011A
|
§15.11A
|
Late Charge
|
|
15-013
|
§15.13
|
Prepayment Penalty
|
|
15-015
|
§15.15
|
Interest on Recoverable Damages
|
|
15-017
|
§15.17
|
Interest as Separate Item of Damages
|
|
15-020
|
§15.20
|
Limiting Attorney Fees
|
|
15-022
|
§15.22
|
Limitation on Bringing Action
|
|
15-024
|
§15.24
|
Sample Limitation of Liability Provision
|
|
15-026
|
§15.26
|
Sample Specific Performance Provision
|
|
15-026A
|
§15.26A
|
Specific Performance Provision in Confidentiality Agreement
|
|
15-028
|
§15.28
|
Cumulative Rights and Remedies
|
|
15-030
|
§15.30
|
Applicability of Commercial Code Remedies
|
|
15-033
|
§15.33
|
Disclaimer of Sales Warranties
|
|
15-035
|
§15.35
|
Limitation of Remedies for Breach of Warranty
|
|
15-041
|
§15.41
|
Remedies in Equipment Lease Agreement
|
|
15-043
|
§15.43
|
Disclaimer of Leasing Warranties
|
|
15-044
|
§15.44
|
Assignment of Warranty Rights in Equipment Lease Agreement
|
|
15-046
|
§15.46
|
Acceleration
|
|
15-048
|
§15.48
|
Attornment
|
|
15-050
|
§15.50
|
Setoff
|
|
15-052
|
§15.52
|
Secured Party’s Remedies on Default
|
|
15-052A
|
§15.52A
|
Secured Party’s Remedy on Default When Collateral Is Privately Held Stock
|
|
15-053
|
§15.53
|
Nonrecourse Provision
|
|
15-055
|
§15.55
|
Commercial General Liability Insurance
|
|
CH16
|
Chapter 16
|
Dispute Resolution Procedures
|
|
16-001
|
§16.1
|
Checklist: Mechanics for Resolving Disputes
|
|
16-008
|
§16.8
|
Parties Bound
|
|
16-009
|
§16.9
|
Binding Third Parties to Dispute Resolution Mechanism
|
|
16-010
|
§16.10
|
Providing for Consolidation
|
|
16-013
|
§16.13
|
Formal Negotiation Process
|
|
16-019
|
§16.19
|
Mediation Required
|
|
16-020
|
§16.20
|
Mechanics of Mediation
|
|
16-034
|
§16.34
|
Arbitration Required
|
|
16-035
|
§16.35
|
Class or Representative Arbitration
|
|
16-036
|
§16.36
|
Beginning Arbitration—Self-Executing Arbitration Procedure; No Arbitrator Previously Selected
|
|
16-037
|
§16.37
|
Applicable Rules
|
|
16-038
|
§16.38
|
Predispute Selection of Arbitrator
|
|
16-039
|
§16.39
|
Postdispute Selection of Arbitrator by Parties
|
|
16-040
|
§16.40
|
Qualifications
|
|
16-041
|
§16.41
|
List of Possible Arbitrators
|
|
16-042
|
§16.42
|
Disclosure and Approval of Prior Relationship
|
|
16-043
|
§16.43
|
Two-Party Arbitrators and Neutral Arbitrator
|
|
16-044
|
§16.44
|
Timeline for Arbitration
|
|
16-045
|
§16.45
|
Requiring Arbitrator to Provide Written Decision
|
|
16-046
|
§16.46
|
Payment of Arbitration Costs (Short Form)
|
|
16-047
|
§16.47
|
Payment of Arbitration Costs (Long Form)
|
|
16-048
|
§16.48
|
Limited Discovery in Arbitration
|
|
16-049
|
§16.49
|
Arbitrator’s Powers
|
|
16-050
|
§16.50
|
“Baseball” Arbitration
|
|
16-051
|
§16.51
|
Judicial Review of Award
|
|
16-056
|
§16.56
|
Reference
|
|
16-060
|
§16.60
|
Private Statute of Limitations
|
|
16-063
|
§16.63
|
Choice of Forum
|
|
16-065
|
§16.65
|
Choice of Law
|
|
16-069
|
§16.69
|
Attorney Fees Provision
|
|
16-070
|
§16.70
|
Definition of “Prevailing Party”
|
|
16-071
|
§16.71
|
Forfeiture of Attorney Fees for Failure to Mediate
|
|
CH17
|
Chapter 17
|
General Provisions
|
|
17-001
|
§17.1
|
Checklist: General Provisions
|
|
17-004
|
§17.4
|
Long Form of Notice Provision
|
|
17-004A
|
§17.4A
|
Short Form of Notice Provision
|
|
17-006
|
§17.6
|
Modification of Agreement
|
|
17-008
|
§17.8
|
Word Usage
|
|
17-010
|
§17.10
|
Printed Versus Written Words
|
|
17-012
|
§17.12
|
Merger or Integration Clause
|
|
17-014
|
§17.14
|
Severability of Agreement
|
|
17-016
|
§17.16
|
Separate Writings, Exhibits, Schedules
|
|
17-018
|
§17.18
|
Time of the Essence
|
|
17-020
|
§17.20
|
Counting Days
|
|
17-022
|
§17.22
|
Survival
|
|
17-024
|
§17.24
|
Ambiguities
|
|
17-026
|
§17.26
|
Joint and Several Liability
|
|
17-028
|
§17.28
|
Waiver
|
|
17-030
|
§17.30
|
Headings
|
|
17-032
|
§17.32
|
Further Assurances
|
|
CH18
|
Chapter 18
|
Execution and Signatures
|
|
18-001
|
§18.1
|
Checklist: Information Necessary to Prepare for Execution
|
|
18-007
|
§18.7
|
Certificate of Incumbency
|
|
18-008
|
§18.8
|
Certified Corporate Records
|
|
18-009
|
§18.9
|
Execution by Corporation
|
|
18-011
|
§18.11
|
Members’ Certificate for Member-Managed Limited Liability Company
|
|
18-012
|
§18.12
|
Managers’ Certificate for Manager-Managed Limited Liability Company
|
|
18-013
|
§18.13
|
Execution by Limited Liability Company
|
|
18-015
|
§18.15
|
Certificate of Managing Partner
|
|
18-016
|
§18.16
|
Execution by General Partnership With Corporate Partner Authorized to Sign
|
|
18-017
|
§18.17
|
Execution by General Partnership With Individual Partner Authorized to Sign
|
|
18-019
|
§18.19
|
Execution by Limited Partnership With Corporate General Partner Authorized to Sign
|
|
18-020
|
§18.20
|
Execution by Limited Partnership With Individual Partner Authorized to Sign
|
|
18-022
|
§18.22
|
Certificate of Managing Partner
|
|
18-023
|
§18.23
|
Execution by Limited Liability Partnership
|
|
18-025
|
§18.25
|
Execution by Individual
|
|
18-028
|
§18.28
|
Consent When Spouse or Registered Domestic Partner Represented by Counsel
|
|
18-029
|
§18.29
|
Consent When Spouse or Registered Domestic Partner Not Represented by Counsel
|
|
18-029A
|
§18.29A
|
Long Form of Consent of Spouse or Domestic Partner to Limited Liability Company Operating Agreement
|
|
18-031
|
§18.31
|
Execution by Attorney-in-Fact Authorized to Sign on Behalf of Individual
|
|
18-036
|
§18.36
|
Civil Code §1189 Certificate of Acknowledgment
|
|
18-039
|
§18.39
|
Certification or Declaration Under Penalty of Perjury Executed in California
|
|
18-040
|
§18.40
|
Certification or Declaration Under Penalty of Perjury Executed Within or Outside California
|
|
18-043
|
§18.43
|
Facsimile Signature
|
|
18-045
|
§18.45
|
Electronic Signatures
|
|
18-048
|
§18.48
|
Execution in Counterparts
|
|
18-049B
|
§18.49B
|
Delivery by E-Mail or Facsimile
|
|
18-051
|
§18.51
|
Effective After All Parties Sign
|
|
18-053
|
§18.53
|
Sample Alteration of Agreement Provision
|
|
CH19
|
Chapter 19
|
Amendments and Modifications to Executory Contracts
|
|
19-001
|
§19.1
|
Checklist: Information Necessary for Amendments
|
|
19-025
|
§19.25
|
Caption and Identification of Parties
|
|
19-026
|
§19.26
|
Recitals
|
|
19-028
|
§19.28
|
Effectiveness as of Specific Date
|
|
19-029
|
§19.29
|
Effective Without Execution By All Parties to Original Agreement
|
|
19-031
|
§19.31
|
Consideration for Amendment
|
|
19-033
|
§19.33
|
Newly Defined Words and Phrases Used in Amendment
|
|
19-034
|
§19.34
|
No New Words or Phrases Used in Amendment
|
|
19-036
|
§19.36
|
Addition of New Provision
|
|
19-037
|
§19.37
|
Deleting Provision of Original Agreement
|
|
19-038
|
§19.38
|
Modifying Provision of Original Agreement
|
|
19-039
|
§19.39
|
Amending and Restating Original Agreement in Its Entirety
|
|
19-041
|
§19.41
|
Modifying References to Exhibits in Original Agreement
|
|
19-042
|
§19.42
|
Modifying References to Ancillary Agreements in Original Agreement
|
|
19-044
|
§19.44
|
Representations and Warranties
|
|
19-046
|
§19.46
|
Effect of Original Agreement and Amendment
|
|
19-048
|
§19.48
|
Postexecution Filing or Recording Required
|
|
19-049
|
§19.49
|
Postexecution Notices Required
|
|
19-050
|
§19.50
|
Other General Provisions
|
|
19-051
|
§19.51
|
Notice of Unilateral Amendment
|
|
19-056
|
§19.56
|
Sample Provisions for Occupation of Additional Leased Space
|
|
19-058
|
§19.58
|
Sample Addendum to Stock Purchase Agreement Adding Additional Investors
|
|
CH20
|
Chapter 20
|
Letters of Intent
|
|
20-001
|
§20.1
|
Checklist: Letters of Intent
|
|
20-030
|
§20.30
|
Introductory Provision Stating Binding Effect of Letter of Intent
|
|
20-031
|
§20.31
|
Method for Supplying Missing Terms if Definitive Agreement Not Signed
|
|
20-032
|
§20.32
|
Concluding Provision Stating Binding Effect of Letter of Intent
|
|
20-032B
|
§20.32B
|
Introductory Provision Stating Letter Binding Until Terminated or Until Definitive Agreement Executed
|
|
20-032C
|
§20.32C
|
Termination Clause
|
|
20-034
|
§20.34
|
Introductory Provision Stating Intent Not to be Legally Bound
|
|
20-035
|
§20.35
|
Concluding Provision Reiterating Intent Not to be Legally Bound
|
|
20-037
|
§20.37
|
Introductory Provision Stating Partially Binding Effect of Letter of Intent
|
|
20-038
|
§20.38
|
Concluding Provision Reiterating Intent to be Bound as to Specified Provisions Only
|
|
20-040
|
§20.40
|
Introductory Provision Binding Parties to Negotiate
|
|
20-041
|
§20.41
|
Concluding Provision Reiterating Intent to Negotiate in Good Faith Only
|
|
20-042
|
§20.42
|
Termination of Negotiations
|
|
20-045
|
§20.45
|
“No-Shop” Provision
|
|
20-046
|
§20.46
|
Expense Reimbursement and “Break-Up Fee” Provision
|
|
20-047
|
§20.47
|
“Topping Fees” Provision
|
|
20-048
|
§20.48
|
Confidentiality Provision
|
|
20-049
|
§20.49
|
“Fiduciary-Out” Provision
|
|
20-051
|
§20.51
|
Letter of Intent to Lend
|
|
20-053
|
§20.53
|
Introduction to Nonbinding Venture Capital Term Sheet
|
|
20-054
|
§20.54
|
Rights, Preferences, Privileges, and Restrictions of Preferred Stock
|
|
20-055
|
§20.55
|
Information Rights
|
|
20-056
|
§20.56
|
Registration Rights
|
|
20-057
|
§20.57
|
Board Representation
|
|
20-058
|
§20.58
|
Reserved Employee Shares
|
|
20-059
|
§20.59
|
Stock Purchase Agreement
|
|
20-060
|
§20.60
|
Expenses
|
|
20-061
|
§20.61
|
Finder’s Fee
|
|
CH21
|
Chapter 21
|
Promissory Notes
|
|
21-001
|
§21.1
|
Checklist: Promissory Notes
|
|
21-005
|
§21.5
|
Promise to Pay Principal Under Single Draw
|
|
21-006
|
§21.6
|
Promise to Pay Principal Under Multiple Draw or Revolving Note
|
|
21-007
|
§21.7
|
Maturity Date
|
|
21-008
|
§21.8
|
Fixed Interest Rate
|
|
21-010
|
§21.10
|
Variable Interest Rate
|
|
21-011
|
§21.11
|
Interest Calculation
|
|
21-013
|
§21.13
|
General Terms of Payment
|
|
21-014
|
§21.14
|
Interest Only
|
|
21-015
|
§21.15
|
Installments of Principal
|
|
21-016
|
§21.16
|
Payment-in-Kind Interest
|
|
21-017
|
§21.17
|
Postdefault Interest Rate
|
|
21-018
|
§21.18
|
Maximum Interest Rate Provisions
|
|
21-020
|
§21.20
|
Prepayment Permitted Without Premium
|
|
21-021
|
§21.21
|
Prepayment Premium Required
|
|
21-022
|
§21.22
|
Prepayment Prohibited
|
|
21-023
|
§21.23
|
Events of Default; Holder’s Waivers; Remedies Cumulative
|
|
21-024A
|
§21.24A
|
Acceleration Clause
|
|
21-026
|
§21.26
|
Late Payment Fee
|
|
21-027
|
§21.27
|
Security for Note
|
|
21-028
|
§21.28
|
Nonrecourse Agreement
|
|
21-029
|
§21.29
|
Maker’s Waivers
|
|
21-030
|
§21.30
|
Purpose of Loan
|
|
21-031
|
§21.31
|
Time of the Essence
|
|
21-031B
|
§21.31B
|
Attorney Fees
|
|
21-033B
|
§21.33B
|
Loss or Destruction of Note
|
|
21-044
|
§21.44
|
Compliance With Usury Laws
|
|
21-044B
|
§21.44B
|
Allonge
|
|
CH22
|
Chapter 22
|
Guaranties
|
|
22-001
|
§22.1
|
Checklist: Guaranties
|
|
22-011
|
§22.11
|
Introduction for Use Without Recitals
|
|
22-012
|
§22.12
|
Introduction for Use With Recitals
|
|
22-013
|
§22.13
|
Recitals for Guaranty of Debt to Bank
|
|
22-014
|
§22.14
|
Recitals for Guaranty of Lease
|
|
22-015
|
§22.15
|
Guaranty of Payment
|
|
22-016
|
§22.16
|
Guaranty of Performance
|
|
22-017
|
§22.17
|
Unlimited Liability
|
|
22-018
|
§22.18
|
Limited Liability
|
|
22-019
|
§22.19
|
Security
|
|
22-020
|
§22.20
|
Rights of Setoff
|
|
22-021
|
§22.21
|
Subordination
|
|
22-022
|
§22.22
|
Guarantor’s Representations and Warranties
|
|
22-024
|
§22.24
|
Authorizations and Waivers Relating to Actions of Creditor
|
|
22-025A
|
§22.25A
|
Waiver Language from CC §2856
|
|
22-026
|
§22.26
|
Gradsky Waiver
|
|
22-027
|
§22.27
|
Deprizio Waiver
|
|
22-028
|
§22.28
|
No Subrogation
|
|
22-029
|
§22.29
|
Joint and Several Obligation
|
|
22-030
|
§22.30
|
Authority of Signatory
|
|
22-031
|
§22.31
|
Construction
|
|
22-033
|
§22.33
|
Form: Sample Continuing Guaranty
|
|
CH23
|
Chapter 23
|
Powers of Attorney
|
|
23-001
|
§23.1
|
Checklist: Powers of Attorney
|
|
23-008
|
§23.8
|
Sample Power of Attorney Coupled With an Interest
|
|
23-019
|
§23.19
|
Statutory Short Form Power of Attorney
|
|
23-020
|
§23.20
|
Special Power of Attorney (Sale of Real Property)
|
|
23-022
|
§23.22
|
Signature by Attorney-in-Fact
|
|
23-024
|
§23.24
|
Revocation of Power of Attorney
|
|
23-025
|
§23.25
|
Notice of Revocation of Power of Attorney
|
|
CH24
|
Chapter 24
|
Drafting Intellectual Property Licenses
|
|
24-006
|
§24.6
|
Sample Introductory Clause
|
|
24-008
|
§24.8
|
Sample Recitals
|
|
24-011
|
§24.11
|
Sample Intellectual Property Definitions
|
|
24-013
|
§24.13
|
Sample Definition of Territory
|
|
24-015
|
§24.15
|
Sample Definition of Field of Use
|
|
24-017
|
§24.17
|
Sample Definition of Affiliate
|
|
24-019
|
§24.19
|
Sample Definition of Net Selling Price
|
|
24-021
|
§24.21
|
Sample Definitions of Licensed Products
|
|
24-023
|
§24.23
|
Sample Granting Clauses
|
|
24-028
|
§24.28
|
Sample Up-Front Payment Clause
|
|
24-030
|
§24.30
|
Sample Minimum Royalty Clauses
|
|
24-033
|
§24.33
|
Sample Royalty Rate Provisions
|
|
24-038
|
§24.38
|
Sample Provision for Payment in U.S. Dollars
|
|
24-040
|
§24.40
|
Sample Provision for Payment of Taxes
|
|
24-042
|
§24.42
|
Sample Royalty Rate Reduction
|
|
24-046
|
§24.46
|
Sample Notice Provisions
|
|
24-050
|
§24.50
|
Sample Enforcement Provisions
|
|
24-054
|
§24.54
|
Sample Warranty of Title and Authority
|
|
24-056
|
§24.56
|
Sample Disclaimers of Warranty
|
|
24-057
|
§24.57
|
Sample Warranty of Noninfringement
|
|
24-059
|
§24.59
|
Sample Indemnification Provisions
|
|
24-061
|
§24.61
|
Sample Marking Provisions
|
|
24-066
|
§24.66
|
Sample Recordkeeping and Audit Provisions
|
|
24-068
|
§24.68
|
Sample Nonassignment Clauses
|
|
24-070
|
§24.70
|
Sample Sublicensing Provisions
|
|
24-072
|
§24.72
|
Sample Prohibitions on Challenges
|
|
24-074
|
§24.74
|
Sample “Most Favored Nation” Provisions
|
|
24-077
|
§24.77
|
Sample Termination Provisions
|
|
24-080
|
§24.80
|
Termination of Royalty on Invalidity
|
|
24-085
|
§24.85
|
Sample Provisions for Maintenance
|
|
24-088
|
§24.88
|
Sample Provisions Regarding Improvements
|
|
24-094
|
§24.94
|
Sample Confidentiality Clause
|
|
24-096
|
§24.96
|
Sample Provision for Licensor’s Disclosure of Information to Licensee
|
|
24-098
|
§24.98
|
Sample Quality Control Provisions
|
|
24-100
|
§24.100
|
Sample Acknowledgment of Licensor’s Rights
|
|
24-105
|
§24.105
|
Sample Source Code Escrow Provision
|
