Symbiosis Law School Hyderabad: 2nd Edition Of Corporate Synergy – International Bidding Cum Contract Drafting & Negotiation Competition [7th - 9th March]

The Centre for Finance, Accountability, Corporate Governance, and Transparency (C-FACT) at Symbiosis Law School, Hyderabad, is dedicated to establishing the institution as a vibrant center for discourse, debate, and research in the field of Corporate Law. Upholding a steadfast commitment to the rule of law and principles of good governance, CFACT plays an essential role in fostering a deeper understanding of transparency and accountability. The Centre's mission is to not only inform and educate but to actively engage and sensitize individuals to the importance of transparent and accountable governance. Through its multifaceted approach, C-FACT offers comprehensive training programs, and sensitization workshops, thereby equipping individuals with the knowledge and tools to navigate and leverage these rights effectively.

Corporate Synergy is an initiative introduced with the aim to increase the student's knowledge pertaining to aspects related to legal advising and contract drafting, which are some of the most important aspects of the corporate world. Aside from formal legal education, law students with aspirations of pursuing their careers in the corporate field need to have experience and expertise in matters pertaining to MoU drafting, Swiss bidding, Contract Drafting and Negotiations. Corporate Synergy provides a platform for students to learn all these elements since it has been intricately formulated to cover each and every step for an effective agreement formulation and engage in healthy debate between the Participants. Playing the roles of Company Representative and Legal Advisor provides equal opportunity for legal students to bring out their hidden corporate personality amongst themselves and compete intra-college to win the best action plan. The competition is branched out across a span of 2 days to scrutinize every plan and provide equal opportunity for all the participants to establish their claims.

PRIZES:

1.The rewards consist of Cash Prizes, Paid Internship opportunity as well as Trophies:

a. Best Team: Rs. 20,000/-

b. Runners-Up: Rs. 15,000/-

2. Every participating team shall be awarded a 'Certificate of Participation', the teams qualifying the Semi final round shall be given a 'Certificate of Merit' and the Winning team shall receive a 'Certificate of Achievement'.

3. Paid internship opportunity at Indian multinational conglomerate to the winning team.

4. Free books to the winners.

5. A 6-month LiveLaw Premium Subscription account to the winner of the competition.

6. A 20% scholarship for all event participants for all our courses including the subscription plan at Lawctopus.

7. Winners will be provided with the Corporate Legal Document Drafting Course consisting of four modules by Legal Specs. Conducted by Associate – Cyril Amarchand Mangaldas.

8. Award for Winners:

- The winning team will be awarded free access to any one course from the Manupatra Academy.

- The runner-up team will receive a 75% discount on any one course from the Manupatra Academy.

- The team in third place will be eligible for a 50% discount for any one course.

9. Additionally, all other participants will be offered a 15% discount on any one Manupatra Academy course they choose.

DETAILS OF THE EVENT:

Name of the competition: Corporate Synergy

Date: 7th – 9th March 2025

Mode: Offline

EVENT STRUCTURE:

The Event Structure is as follows:

Day 1:

1. Round 1 - Swiss Bidding:

o Each team comprises a Company Representative (CR) and a Legal Advisor (LA).

o Judges (representing industries or government entities) present project proposals for bidding.

o Teams draft a Clause Statement in response, addressing elements like planning, budget, objectives, implementation details, and others (non-exhaustive list).

o Teams will get 2 hours to draft the bid and 12-minutes to present, including Q&A with the judges.

o Teams are evaluated, and 50% advance to the next round.

2. Round 2 - Contract Drafting:

o Qualifying teams prepare a comprehensive contract based on their successful Swiss Bid.

o The drafting process lasts 2 hours, where the LA consults the CR to create the contract.

o Key components include roles, purpose, validation, obligations, conditional clauses, breach, termination, arbitration, and signatory clauses.

o Using AI tools during this session is prohibited.

Day 2:

3. Round 3 - Negotiation:

o The top 8 teams negotiate contract terms with an industry panel.

o Negotiations are divided into sub-rounds:

 Quarter-Finals: 45-minute negotiation among 8 teams; 4 teams advance.

 Semi-Finals: 1-hour negotiation among 4 teams; 2 teams advance.

 Finals: 1 hour and 15 minutes for the final negotiation; 2 teams will participate.

o Teams clarify ambiguities, propose adjustments, and defend critical clauses.

o Success depends on effective communication, strategic reasoning, and problem-solving.

REGISTRATION PROCESS:

1. A maximum of 2 teams per college may register themselves separately.

2. Open the Google form titled 'Corporate Synergy Registration Form' by clicking here (hereinafter referred to as 'CSRF').

3. Fill in the form as instructed. At the end of the Google form share the screenshot of the payment of the Registration Fee.

4. Submit one CSRF per team.

5. A student may register for the competition only within the stipulated date and time as mentioned in the List of Important Dates.

6. Any delay in the registration procedure, partial compliance with the procedure, undertaking the registration procedure post the expiration of the scheduled dates of registration, and non-compliance with the registration process will be deemed as no registration.

7. The power to waive the condition mentioned in clause (5) lies with the Centre for Finance Accountability, Corporate Governance and Transparency (hereinafter referred to as “C-FACT” or “Organising Committee”).

8. A scanned copy of the Bona-fide Certificate / Identity card issued by of the Institution is to be attached in the online registration form. This is mandatory.

9. A Travel details form may also be attached during the time of registration. However, it is not mandatory to fill the same during the time of registration itself; participants may also fill this form post-registration by mailing their travel details to cfact@slsh.edu.in, on or before 20th February 2025.

REGISTRATION DEADLINE: 28th February 2025.

REGISTRATION LINK: https://forms.gle/8VuJtEUsFkKPCgEc9

To access the Brochure, Rules of the Competition, Sample Invitation to Bids and Travel and accommodation form, click here

CONTACT:

Mail: cfact@slsh.edu.in

Dr. Rupesh Rajak, Faculty Convenor: Rupesh.rajak@slsh.edu.in

Mr. Saket Ranjan, Student Convenor: +91 7856885134

Ms. C.S. Tejashree, Student Co-convenor: +91 9951063172