Weintraub partner Scott Hervey presented a program on August 19, 2010 to the Association of Corporate Counsel on boilerplate language in IP transactions.
Boilerplate – those standard legal clauses appearing at the end of the agreement. These clauses are often overlooked when reviewing an agreement because they are supposed to be "standard," and in drafting they are often cut from a previous agreement and copied into a new one. This is a mistake. Boilerplate is important and should be given as much scrutiny as the rest of the contract. Although this presentation will focus certain boilerplate language in IP transactions, most of the clauses discussed can be found in any type of transaction.