banner
Next Meeting & Other Stories
4-15&22-19 Contracts Part 1&2 - Michael Robert Flam
During our meeting Monday April 15, 2019 Michael Robert Flam, Attorney and Counselor at Law began to demystify contracts in the first of a two part review; part 2 will be presented Monday April 22, 2019.  Michael has 19 years experience as general counsel for a global manufacturer and as assistant counsel for a national real estate developer. 
 
Michael told us to be sure to read and understand the contract before it is signed.  Once signed it becomes a binding agreement.  The agreement may be between two parties or multiple parties, and it is important to recognize all who are included and what their participation amounts to.  So be careful what you sign! 
 
Also recognize that an article defining amendment signifies that there is an intent to permit amending the agreement.  So be sure to understand the conditions and process for amendments that are to some degree anticipated according to the agreement.
 
Contracts typically involve five key elements: Offer to provide goods or services, acceptance, consideration (compensation), mutual understanding, and legal capacity to bind a party.  When participating and signing, the signators must have appropriate authority to bind the parties regarding the agreement.  Michael emphasized the importance of recognizing these elements and comprehending the documentation describing them.  He provided some examples and then told us how he learned the importance of being terse but complete and clear when scribing the agreement, pointing out that often the more lengthy contracts may be ambiguous leading to opportunity for litigation instead of fulfilment.  
 
Michael went on to explain several standard terms used in a contract, such as governing law, dispute resolution, entire agreement, assignment, severability, force majeure, insurance, indemnification, and many more, taking much of the mystery out but making clear the importance of selecting a good lawyer and trusting your lawyer before signing.  Michael helped us realize seemingly subtle differences between effects regarding insurance and indemnification.  He also provided some stories helping clarify the importance of recognizing and understanding the extent of parties bound.
 
This was a superb opportunity to get a better understanding of contracts and Michael's very special skills, knowledge and character.  We are fortunate to learn from him as a member of our club, as well as to have the opportunity to develop closer relationships.  Thank you Michael and we look forward to the second part of this informative review of contracts!
 
Michael Robert Flam earned a Bachelor of Arts in History at Ohio State University, Columbus, Ohio; a Juris Doctor from University of Toledo College of Law; and at Boston University Questrom School of Business - Executive Leadership Center, a Mini MBA for In-House Counsel, in conjunction with the Association of Corporate Counsel
Temporary Meeting Relocation 4-15-2019
For the month of April we will be meeting at the Renaissance Boca Raton Hotel in Boca Raton: 2000 Northwest 19th Street, Boca Raton, FL, 33431.  
 
Our host for the past several years, The Griddle, has closed temporarily for relocation. During the next few weeks, we will be reviewing our meeting location and plans for continuing permanent location. 
News
Temporary Meeting Relocation 4-15-2019
For the month of April we will be meeting at the Renaissance Boca Raton Hotel in Boca Raton: 2000 Northwest 19th Street, Boca Raton, FL, 33431.  
 
Our host for the past several years, The Griddle, has closed temporarily for relocation. During the next few weeks, we will be reviewing our meeting location and plans for continuing permanent location. 
Read more...
2018-19 Speaker Schedule
Apr 22  Michael Flam - Contracts 2
Apr 29  Club Structure and Operation - Jerry Leitherer
 
May  6   Club Assembly
May 13  FAU HS Rotary Scholar Gala
Read more...
Bulletin Editor
Jerry Leitherer
Executives & Directors
President
 
President Elect, Membership Co-Chair
 
Treasurer
 
Secretary
 
IPP, TRF Co-Chair
 
Executive Secretary, Vice President
 
Sgt at Arms, Director
 
TRF Co-Chair, Director
 
Membership Co-Chair
 
Director
 
Subscribe to Bulletin
Subscribe to our eBulletin and stay up to date on the latest news and events.
Russell Hampton
ClubRunner
Our purpose is to positively influence our community through our
¨ activities,
¨ charitable projects and
¨ fellowship.
Our Passion and energy will cause others to join with us and support our efforts in the spirit of  “service above self.”
In exchange for our ongoing involvement, we will each experience the personal sense of satisfaction that only comes with unselfishly giving from the heart.