Contract Law for Business

Contract Law for Business

INTRODUCTION

The Business Contract Law training course gives delegates an insight into the basics of Business Contract Law. Delegates will acquire the skills needed to prevent the signing of dangerous contracts. They will come to understand the sometimes confusing language of contracts and will realize the importance of legally binding documents.

This Contract Management training course covers all significant elements that need to be considered when creating a contract, from indemnities and liability to drafting and termination conditions. By the end of this course, delegates will know how to successfully construct a contract that reduces risks and enhances the benefits extracted by all parties. This enables all parties involved to better understand their obligations, and thus be more likely to fulfil them. Business Contract Law is an interactive course, consisting of examples and activities throughout, hence delegates acquire more practical knowledge.

COURSE OUTLINE  

Contract Basics – An Introduction to Contracts:

• How to Enter a Valid Contract
• Tendering and Bid Processes
• Agreements and Underlying Documents
• Using the Right Contract Type
• Heads of Agreements and Letters of Intent
• Side Letters
• Authority to Sign Contracts and E-Signatures
• Impact of Negligence on Business Arrangements 

Case Study:

• A Contract Law Exercise on Contract Formation

Terms:

• Implied
• Express
• Specifications
• Warranties
• Indemnities
• Incorporating Terms
• Impact of Overseas Laws on International Contracts

Drafting and Amending Contracts:

• Drafting Contracts in Practice Workshop
• Best or Reasonable Endeavours Practical Task
• Amending Contracts by Conduct
• Common Clauses Discussion
• Terms and Conditions of Sales of Goods, Purchase of Goods, Supply of Services, and Purchase of Services

Limiting and Excluding Liability:

• Consequential and Direct Loss
• Unfair Contract Terms Law Effect
• Exclusion and Liability Clauses Best Practices
• Force Majeure
• Liquidated Damages

Liability Clause Limitation:

• Applying Liability Clause Knowledge Via Practical Exercise

Contract Termination:

• Impact of Length of Contract Terms on Commercial Arrangement
• Termination Clauses Agreements
• Successfully Solving Disputes by Negotiation and Mediation
• Arbitration and Litigation Pros and Cons

Conclusion:

• Business Contract Law Best Practice Summary
• Implementing Knowledge