Two managing partners of KIELTYKA GLADKOWSKI, Co-Chair of Life Science and Healthcare Committee of ILS ABA, Attorney Malgorzata Kieltyka and Vice-Chair of Life Science and Healthcare Committee of ILS ABA Jakub Gladkowski were attending four day Conference organised by the International Law Section of the American Bar Association in Seoul, South Korea, devoted to Technologies and international legal problems of new technologies.
It will be fair to state that the commercial and trade practice require certain flexibility and as the free market can constantly evolve and invent new methods, ways of performing business activity. Some of the examples of these inventions or rather methods allowing to conduct business activities in a better, more efficient manner are different contract provisions, clauses, among which “option” clauses will be of this article’s interest. The very term “option” can be used first and foremost as regards to a specific type of contract, however the terminology can differ between countries and, moreover, the term itself is present in different contexts, which does not always necessarily prejudge its meaning. Nevertheless, this article is focused on legal provisions (included in contracts or, for instance, articles of association) that give the entitled subject certain right regarding the transaction. This right consists on being able to choose consequences, actions or just one of the options as provided for in the contract. The most common aim of these provisions is to secure interests of one of the party or balance interests of both parties. The option clauses are mainly applicable to company contracts but they can be used in commercial transactions to various types of contracts and activities.
On October 10, 2023, Kieltyka Gladkowski’s lawyers had the opportunity to personally listen to the first panel starting the several-day conference of the American Bar Association International Law Section in Seoul. The panel took place on the upper floor of the Parnas office building in the Gangnam district next to the former Olympic Village, at the headquarters of a key law firm in South Korea.
Defence and Security Equipment International (DSEI) is a biennial defence and security trade exhibition which serves as a forum between governments, national armed forces, industry, and academics, held at ExCeL London.
DESI zones were Aerospace, Land, Naval, Joint, Security, and International Pavilions.