Basic Principles (Module 2)

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About Course

Legal Aspects of Contract Management is a comprehensive course designed to provide sales teams and company owners with a thorough understanding of the legal framework governing contracts. This course covers the basic concepts of contract law, contract formation, interpretation, performance, breach, and termination. It also discusses the role of contract managers and the importance of effective contract management in achieving business objectives.

The course offers a practical approach to contract management, with a focus on identifying and managing risks associated with contracts. It covers the different types of contracts commonly used in business transactions, including sales contracts, employment contracts, and service contracts. Participants will learn how to draft, negotiate, and review contracts, as well as how to enforce and terminate them when necessary.

The course also covers the legal aspects of contract management, including the principles of contract interpretation, the legal consequences of breach of contract, and the remedies available for breach of contract. It also discusses the impact of specific laws and regulations, such as the Uniform Commercial Code (UCC) and the federal government’s procurement regulations, on contract management.

Overall, Legal Aspects of Contract Management is an essential course for sales teams and company owners who want to improve their understanding of contract law and contract management. It provides participants with the knowledge and skills they need to manage contracts effectively, minimize risks, and protect their business interests

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What Will You Learn?

  • The basic concepts of contract law
  • The different types of contracts used in business transactions
  • How to draft, negotiate, and review contracts
  • The legal consequences of breach of contract
  • The principles of contract interpretation
  • The remedies available for breach of contract
  • How to enforce and terminate contracts
  • The impact of specific laws and regulations on contract management

Course Content

How to create a legally binding agreement?

  • The basics of an agreement
    05:07
  • The different phases of an agreement
  • The process of offer and acceptance
  • The 4 essential elements of an agreement
  • Summary

Battle of the forms

Procurement contracting essentials

Sales contracting essentials

Subcontracting and consortium agreements

Quiz