Ensure traditional boilerplate clauses aren't missing from the document that would be needed if the contract is to be enforced.
Often glossed over or relegated in importance to other sections of a real estate purchase agreement, the contract boilerplate serves a number of vital purposes. Real estate contract boilerplate is much more than just a part of the form. While no party expects to enforce a contract when it enters into the contract, the contract boilerplate could be dispositive in the outcome of the case. In addition, there could be traditional boilerplate clauses that are missing from the document that would be needed if the contract is to be enforced. All parties should understand the issues and ramifications of the boilerplate as, despite its name, the boilerplate may need to be retooled for a particular transaction. No party wants to win or lose a case that hangs on the inclusion and drafting of contract ... or be subject to adroit lawyers exploiting poor boilerplate to avoid performing under a purchase agreement.
Agenda
Faculty
Larry N. Woodard
K&L Gates LLP
- Partner of real estate practice group of the Chicago office of Honigman LLP
- Practice emphasis in all areas of real estate law, including commercial real estate transactions, real estate development, joint ventures, real estate-based lending, loan workouts, foreclosures, construction law and mechanics liens
- Represents Fortune 500 companies, developers, regional and national banks, institutional investors, special servicers, higher education institutions, units of local government, REITs, contractors, landlords, tenants, receivers and real estate brokers
- Noted speaker and writer on a variety of real estate topics
- Completing acquisition, economic incentives, leasing and complete redevelopment of 1.6 million square food corporate headquarters
- Recently completed one of the largest investments of Chinese capital in the country
- Publishing a treatise on reciprocal easement agreements and vertical subdivisions
- Adjunct professor of law, The John Marshall Law School
- Member of the International Council of Shopping Centers and the American, Illinois State and Chicago Bar Associations
- J.D. degree, LL.M. and B.S. degrees in real estate, University of Illinois and The John Marshall Law School
- Can be contacted at 312-701-9331 or [email protected]
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