The widespread use of word processing technology has allowed law firms
to organise precedents carefully for quick retrieval. In addition, the
Internet has made it possible to benefit from the collective research
of countless other lawyers who have made their work product available
online. This digitised, intellectual capital is an invaluable and time-saving
source for lawyers.
LEARNING SYNOPSIS
This exercise examines how to acquire English language
legal forms and model documents using meta-search techniques and open
web searches.
EXERCISE
The years of hard work your firm has committed to cultivating start-up
technology clients have paid off. Many of your clients have grown into
highly innovative and profitable companies, and are now being purchased,
or being targeted for purchase, by companies in North America, Asia, and
the Nordic region. This will provide not only an excellent source of Mergers
and Acquisitions (M&A) work, but will open up the possibilities of
acquiring new clients and revenue from abroad.
In order to benefit from this new market,
your firm has developed a plan of measures with an emphasis on its own
infrastructure: better data processing and retrieval systems, more efficient
communications, and the expansion of its form documents database and digital
library.
You have been appointed to collect and catalogue
standard contract terms and conditions in English relating to M&A,
buying and selling businesses and consumer agreements.
1) Use the Internet to find an example contract
for each of the following:
• an agreement to sell/purchase a
business;
• an agreement of merger and plan of reorganisation;
• a consumer loan agreement.
2) Ensure that each of the example contracts
you have collected includes a provision detailing remedies available in
case of breach of contract.
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