Arbitration Clause
An arbitration clause is a contractual provision that establishes arbitration as a mechanism for resolving contract-related disputes.
Enforcement Clause
An enforcement clause establishes a licensor and licensee’s respective rights and obligations relating to legal action against third parties for infringing licensed IP.
Non-Disparagement Clause
A non-disparagement clause is a contractual provision that establishes one party’s agreement not to disrespect, discredit or otherwise criticize another.
Rights of First Offer and Refusal
Rights of first offer and refusal are contractual rights that give one party an opportunity to preemptively acquire certain property owned by another.
Amendment Clause
An amendment clause is a contractual provision that establishes rules for changing an agreement’s terms.
Venue Clause
A venue clause is a contractual provision that establishes what courts have jurisdiction over disputes between the parties.
Dispute Resolution
A dispute resolution clause is a contractual provision that establishes how parties will handle disputes related to their agreement.
Severance Clause
A severance clause is a contractual provision that establishes an employee's right to receive severance pay in certain circumstances, including termination.
Payment in Lieu of Notice Clause
A payment in lieu of notice clause is a contractual provision that allows an employer to pay a specified amount instead of giving notice of termination.
Licence Grant Clause
A license grant clause is a contractual provision that establishes one party’s consent to another’s use of its intellectual property subject to certain conditions.
Non-Solicit Clause
A non-solicit clause is a contractual provision that establishes one party’s promise to refrain from poaching another party’s customers, employees, etc.
Publicity Clause
A publicity clause is a contractual provision that establishes how, when and for what purpose a contract’s details may be disclosed to the public.
Liquidated Damages Clause
A liquidated damages clause is a contractual provision that establishes a predetermined damages estimate for certain breaches of contract.
Permitted Use of Data Clause
A permitted use of data clause is a contractual provision that establishes rules regarding the use of data shared by parties for the purposes of their agreement.
Breach Response Clause
A breach response clause establishes a party’s obligations in the event of a data breach, including obligations to investigate the breach and provide support.
Data Transfer Clause
A data transfer clause is a contractual provision that establishes rules regarding the transferability of any data that one party shares with another.
Breach Notification Clause
A breach notification clause is a contractual provision that establishes one party’s obligation to notify another in the event of a data breach.
Libor
The end of LIBOR is a monumental shift in the world of finance, requiring evaluation and remediation of contracts and other documents on an unprecedented scale.
Non-Compete Clause
A non-compete clause is a contractual provision that establishes one party’s promise to refrain from engaging in certain competitive activity against another.
Insurance Clause
An insurance clause is a contractual provision that establishes what insurance one or more parties must procure in connection with an agreement.
Shipping Terms
Shipping terms (or delivery terms) are contractual provisions that establish the legal and commercial rules for effecting delivery of goods under an agreement.
Price Adjustment Clause
A price adjustment clause is a contractual provision that establishes rules for adjusting the contract price in response to one or more triggering events.
Inflation Adjustment Clause
An inflation adjustment clause is a contractual provision that requires certain amounts to be adjusted periodically to track changes in inflation.
Payment Terms
Payment terms are contractual provisions that establish rules for when and how payment for goods or services supplied under a contract must be made.
Limitation of Liability Clause
A limitation of liability clause sets the boundaries of a party’s financial liability when defects in its performance cause another party to experience losses.
Renewal Clause
A renewal clause is a contractual provision that gives one or more parties the right to renew or extend the term of an agreement.
Most Favored Nation Clause
Most favored nation clauses are contract provisions that require that a party must receive rights and benefits under the contract that are equal to or more favorable than the rights and benefits received by any other parties.
Exclusivity Clause
An exclusivity clause grants exclusive distribution rights, exclusive licenses and other exclusive rights. It can also be an obligation to purchase all of a party’s requirements for a product or service from the other party and prohibitions against selling products or services to competitors.
Force Majeuere Clause
A force majeure clause is a contractual provision that establishes what happens to performance under the contract if a “force majeure” event occurs. “Force majeure” events are events beyond the parties’ control, such as accidents, acts of war or terrorism, civil or military disturbances, and nuclear or natural catastrophes or acts of God.
Termination Clause
A termination clause is a contractual provision that sets forth the circumstances under which agreements may be terminated, including the effects of termination, such as payments and other rights and obligations of the parties
Assignment Clause
An assignment clause regulates the extent to which a party’s interest in a contract may be assigned to another party; anti-assignment clauses are common because without them, generally, contracts are freely assignable.
Automatic Renewal Clause
An automatic renewal clause is a contractual provision that automatically extends the term for a specified period of time.
Indemnification Clause
An indemnification clause is a provision in a contract that establishes when and to what extent one party will assume liability for the losses of another.
Notice Clause
A notice clause is a contractual provision that stipulates how and to whom notice must be given under a contract for it to be legally binding.
Term Clause
The term clause is a contractual provision that defines the period when the contract begins and how long it will last.
