COURSE OUTLINE

• PART 1

• Introductory quiz on Contracts (“ice breaker”)

• General notions

• Form of contracts

• Civil Law vs Common Law and implications thereof

• Main clauses

• Effective Date – Contract duration

• Prices and Revision

• Parent Company Guarantee – Bank Guarantees

• Liabilities

• Insurances

• Limitation of Liability

• Suspension – Termination

• Defective performance – Latent defects

• PART 2

• Introduction

• Legal provisions : assignment of contracts ; technical obligations ; liabilities ; force majeure ; local content ; protection of environment ; settlement of disputes. 

• Economical and taxation provisions : Concession ; Production Sharing Contract ; other types of contracts.

• Exercises

PART 1
- To familiarize you with operational contracts (purchase of goods and services) and their negotiation in the context of major international projects.
- To introduce the general principles of contract law, the mechanisms used in contracts for large international projects, and how to negotiate them.
- To provide a better understanding of certain contractual clauses governing operational contracts, in order to negotiate them more effectively.
- To explore key themes in contract law.

PART 2
Oil & gas exploration and production contracts: legal and tax aspects
- To familiarize you with the legal and tax aspects of oil exploration and production contracts; to compare the respective obligations of host countries and oil companies; to compare different tax systems.