Contract Training

Identifying Acceptable Contract Provisions

Which of the following provisions would be acceptable in a University contract:

1. “In case of a breach of this agreement by either party leading to litigation, the prevailing party will be entitled to attorney fees from the other party.”
2. “The University agrees to purchase $1 million in malpractice insurance for each student who completes a practicum at St. Mary’s Hospital.”
3. “If the telephone tower is destroyed by a lightning strike, tornado, windstorm or hurricane, the obligations of both parties under this contract shall be extinguished.”
4. “Any claim the University has based on an invoice must be brought within 6 months or the claim will be deemed to have been waived.”

 

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