CPD Points: 1 Public (TBC)
Singapore Academy of Law
Training Room: Stamford 1 &
The Adelphi #08-08
1 Coleman St, Singapore 179803
Event Date: 03 April 2018 (3:30pm – 6:00pm)
PRICE (inclusive of GST)
1 Public CPD Point (TBC)
Practice Area: Professional Skills
Training Level: General
Participants who wish to claim CPD Points are reminded that they must comply strictly with the Attendance Policy set out in the CPD Guidelines. For this activity, this includes signing in on arrival and signing out at the conclusion of the activity in the manner required by the organiser, and not being absent from the entire activity for more than 15 minutes. Participants who do not comply with the Attendance Policy will not be able to obtain CPD Points for attending the activity. Please refer to http://www.sileCPDcentre.sg for more information.
In this lecture, the participants will be introduced to a framework of “private orderings”—a set of basic principles that lawyers may apply to architect transactions and design contracts, irrespective of the industry or market. This design- or pattern-based framework enables a lawyer to better understand and analyze the economic and business considerations in a transaction. That analysis will guide a lawyer not only to accurately assess the most relevant risks to the parties, but also to make strategic choices about contract design or architecture that will facilitate the consummation of a deal. The mental models and strategies in the framework provide lawyers with a cognitive map to develop a foundation for problem-solving skills that will be enhanced by practice and experience.
The lectures explores (i) the elements of the framework and (ii) a set of contractual design responses to each of those elements. The participants will also explore how a contract design response may trigger other elements of concern to the counter-party(ies), and therefore require further planning (e.g. contract architecture, internal stakeholder management, negotiation planning, etc.) to get to an executable deal.
By illustrating how the elements/analytical tools of the framework can be applied to different sectors and markets, the framework can enhance a lawyer’s ability to recognize and develop business and legal solutions. Instead of emphasizing risk identification and management, the framework changes the mind-set of lawyers—and provide them with the skills—to focus on achieving economic results for clients, while delivering the risk management role where appropriate and relevant.