Episode 1 - Defining the scope

In the first episode of the series, Richard Taylor and Alejandro Gonzalez-Vega from our international Life Sciences team discuss things to take heed of when defining the scope of a life sciences commercial contract. This includes:

• The importance of defining the scope in life sciences commercial contracts
• Exploration of material, time, and territorial perspectives of scope
• Pre-contract terms clarification
• Defining parties’ roles with reference to legal system interpretations and industry practices
• Clearly outlining commitments assumed by each party
• Specifying the nature of obligations, whether results- or means-based
• Details of achieving contract goals and the need to specify how these will be achieved