Contract Law for Business - An ABC Guide

Introduction

If you are a sales representative, contract manager or are involved in advising or negotiating business contracts, then this interactive e-Learning programme is for you.

You do not need any legal training to undertake this programme - it will clarify the language of contracts and prevent you from inadvertently being bound by a contract you did not intend to enter.

Configured into bite sized introductory modules, it will provide an insight into the basics of business contract law. It will ensure you understand the key legal concepts underpinning contractual arrangements (including the elements involved in how to form a binding contract) together with understanding the role of key clauses in commercial contracts.

You can take each module at your own pace, picking up where you left off and you are able to see your progress throughout.

What You Will Learn

With interactive learning activities, knowledge checks and key reminder messages, the programme covers the following:

Module 1

• What is a contract
• Privity of contract including relevance for business
• Key elements in a contract:
• Invitation to treat
• Offer (including battle of the forms and termination of offers)
• Acceptance
• Consideration
• Intention to Create Legal Relations
• Capacity
• Certainty of terms

Module 2

• Practical points arising from the key elements analysed in Module 1
• Pre contractual documentation
• Conditions precedent
• Comfort letters
• ‘Subject to contract’?

Module 3

Analysis of the key clauses in a commercial contract, including:

• Price
• Warranties
• Indemnities
• Exclusion and limitation
• Term
• Termination

Module 4

Analysis of common ‘boilerplate’ clauses, including:

• Notice
• Entire Agreement Clause
• Force majeure
• Assignment
• Contracts (Rights of Third Parties)
• Variation
• Waiver
• Jurisdiction
• Applicable law