Commercial Law and Practice WS11 D1

LEGAL PRACTICE COURSE

Commercial Law and Practice
Skills Session 11


Topic(s):
 Guarantees
 Indemnities


Skills
 Drafting


Learning Outcomes:
By the end of this session you will be able to:
 Make appropriate amendments to (i) a draft facilities agreement guarantee, and (ii) a
draft trade payments guarantee, taking into account the relevant law, your client’s
instructions and the drafting criteria


Session Activities:
 Reviewing and amending guarantees


Materials Attached:
 Pre-Session Task


Materials provided in Session:
 Revised draft facilities agreement guarantee (d2)
 Revised draft trade payments guarantee (d3)


Preparation for Session:
 Review your notes on guarantees from Large Group 6
 Re-read section 13.2 of the Banking and Capital Markets manual
 Carry out the Pre-Session Task




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, LEGAL PRACTICE COURSE


Drafting Criteria

1. Technical Language Skills 2. Form and Presentation 3. Content

1.1 Correct grammar 2.1 Appropriate layout using 3.1 Accurately addresses relevant
paragraphing, clauses, and factual issues
1.2 Correctly spelt schedules
3.2 Accurately addresses relevant legal
1.3 Correctly punctuated 2.2 Forms a consistent and coherent issues
whole
1.4 Accurate, consistent and 3.3 Accurately addresses relevant
unambiguous language 2.3 Uses headings appropriately procedural issues

2.4 Uses definitions appropriately 3.4 Meets any formal requirements

2.5 Uses appropriate numbering 3.5 Uses precedents effectively
system
3.6 Accurately reviews drafting to
2.6 Uses recitals and boilerplate identify and correct omissions and
appropriately errors

3.7 Where relevant, explains meaning
and effect of document and
implications for client



Post-Session:
 Review your notes from the session to consolidate your learning




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