GPP: Commercial Transactions
About This Class
Advice to clients respecting commercial transactions, that is, as to binding agreements between parties of all sorts involving the transfer of goods and services, lies at the core of the private practice of law. This course is an introduction to the negotiation, drafting, performance and enforcement of such agreements in a "real world" context, with a particular emphasis on the interpretation and understanding of Article 2 of the Uniform Commercial Code, with at least a nod to U.C.C. Articles 9 (secured transactions) and 3 (negotiable instruments) as they impact on these transactions. In the context of a law firm's actual practice, students will prepare to interview and advise clients on proposed transactions, identify and resolve legal and ethical issues, negotiate the terms of commercial contracts, draft such contracts and analyze and advise clients on issues of performance and breach.
Method of evaluation: Exercise Memoranda (35%) Class participation including In-Class exercises (35%) negotiation/settlement (20%) contract drafting (10%)