Description
Supply agreements are the backbone of supply chains, which are essential to business operations. Any disruption can severely impact inventory, production, and sales. These agreements aim to minimize uncertainty in the flow of raw materials and finished products by mitigating risks associated with disruptions and nonperformance. However, their effectiveness depends on well-crafted risk allocation provisions, such as indemnification, force majeure, termination clauses – and, most recently, the implications of tariffs on new and existing agreements.
Join us as our nationally recognized faculty offer practical guidance on structuring and enforcing supply agreements, along with actionable strategies for managing supply chain disruptions, with a special emphasis the impact of recently imposed and proposed tariffs.
This program will cover key approaches to identifying, allocating, and mitigating risks in today’s complex supply chain landscape, ensuring your business operates smoothly, including:
- Indemnification: Strategies for protecting your business from third-party claims and liabilities
- Force Majeure: Understanding when and how supply obligations can be excused due to unforeseen events
- Limitation of Remedies and Damages: Key considerations for capping liability and managing financial exposure
- Duration and Termination: Best practices for structuring contract terms and exit strategies
- Warranties and Disclaimers: Drafting enforceable provisions to define product quality and limit risk
** Special Update: How tariffs may affect your supply agreements**
Whether you represent a supplier or buyers, this course is for attorneys who are engaged in negotiating, drafting, or advising on supply agreements.