ALB Masterclass series- Liquidated Damages workshop

10 March 2010 -  Sir Stamford at Circular Quay, 93 Macquarie Street, Sydney
17 March 2010 - Stamford Plaza, 111 Little Collins Street, Melbourne
24 March 2010 - Saxons Training Facilities, Level 11, 300 Adelaide Street, Brisbane

All sessions run from 9.00am - 12.00pm (Includes 20min refreshment break)

Highlights

• Practical drafting exercises to ensure your liquidated damages clauses are watertight
• Case study reviews: How to use precedents in your own liquidated damages clauses
• How to protect your clauses from being interpreted as a penalty and calculating loss in the event of a contractual breach

Please contact Michael Cullen at michael.cullen@keymedia.com.au for more information.

Click on the image to download a copy of the latest brochure

            
        Sydney                        Melbourne                      Brisbane

Agenda 
(This agenda varies across each state. To view the agenda specific for your state, please use the brochures above)

Overview of liquidated damages
• Clarifying what liquidated damages clauses are and how best to utilise them
• Understanding how indemnity clauses in SFC override your liquidated damages clause and what you can do to minimise overlap between the two clauses
• Indemnity, liquidated damage or insurance, which is the right clause for your contract?
• Defining the two part process of liquidated damages from a litigation point of view: Establishing liability and getting the money

Case studies of decisions and clause examples: Uncovering problem areas
Case to be examined include:
• Peerless Holdings Pty Ltd v Environmental Systems Pty Ltd [2008]
    - Hadley v Baxendale [1854]
    - Dunlop Pneumatic Tyre Co Ltd v New Garage & Motor Co Ltd [1915]
• GEC Marconi Systems Pty Ltd v BHP Information Technology Pty Ltd [2003]

Practical drafting workshop: Ensuring your clauses are enforceable
• The distinction between penalty and liquidated damages
• Drafting your clause to include;
    - Formula for calculating loss when breach occurs
    - Inclusion of calculation for fixed by scale damages i.e per day, week, month of delay
    - Inclusion of estimated lump sum payment
• How to ensure you have genuine support for the lump sum amount
• How to ensure your LD clauses don’t suggest arbitrariness and penalty