Contract Law For Non Lawyers

By deciphering complex concepts into manageable terms, this workshop provides non-lawyers with a foundation in contract law. Participants will gain a basic understanding of contract formation, negotiations, potential pitfalls, contract content including exemptions and terms as well as ending contracts and contract terminations and breaches.

  • Understand contractual terms and their impact on the business
  • Explore key elements of commercial contracts
  • Analyze commercial risks and opportunities in terms of your own business environment
  • Be able to propose appropriate means to mitigate risks
  • Discover how to review third-party contracts effectively
  • Learn how to identify areas that require specialist legal advice or Board-level approval
  • Find out how to use internal or external legal resources more effectively
  • While this course would especially benefit those who come into contact with contracts, it is for anybody wanting to gain a basic understanding of contract law.
 

  • benefit to your business
  • A Memory Game - get those grey cells working!
  • Exercise: Buying a commodity
  • Consequences of Confusion - the pain of getting it wrong

  • Defining Commercial Relationships - the fundamental markers
  • Exercise: Define a typical deal for your business
  • Exercise: Which legal terms define each area of the relationship?

  • Who Does What When?
  • - Vendor Responsibilities
  • - The importance of clear specifications and change control
  • - Purchaser Responsibilities
  • - Delivery
  • - Intellectual Property
  • - The importance of timing
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  • When Does Payment Occur?
  • - Defining Milestones
  • - Good Acceptance Criteria
  • - Readiness for Invoicing
  • - Taxes and other payment headaches

  • Exercise: Comparing vendor and purchaser acceptance provisions
  • What Happens if Things Go Wrong?
  • - Warranties and warranty remedies
  • - Limiting liability
  • - Indemnities
  • - Confidentiality
  • - Liquidated Damages
  • - Applicable law and dispute resolution
  • - Termination
  • - Survival provisions
 

  • Exercise: Comparing vendor and purchaser warranty provisions
  • Exercise: Finding your way around a contract
  • Recap: Review of key contract components
  • Review of Objectives
  • Introduction to Online Training Resources

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