Learn to quickly recognize risky clauses, better understand the risks those clauses create, and how to reduce or eliminate those risks before you sign the contract.
Almost every contract dispute ends up being controlled by the contract or purchase order terms and conditions. Too often companies sign a contract or purchase order without fully understanding the agreement they have become bound to. For many, reading a contract is like reading a foreign language. This topic will teach you how to translate the convoluted terms of a contract, how to determine if there is a problem hidden within a clause, and how to deal with that problematic clause. Often, participants in a construction project enter into contracts without knowing how to read the clauses and fully recognize the risks they have taken on. The benefit of this material is that you will be able to quickly recognize risky clauses, better understand the risks those clauses create and how to reduce or eliminate those risks before you sign the contract. You will also learn which phrases aggravate that risk and how you can minimize the risk where you have already signed a bad contract.
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Why Lorman?
Over 37 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.
Agenda
What Terms Should Be in Your Contract and What Terms Should Not Be There?
What Clauses Get Companies in Trouble?
Incorporation by Reference
- Industry Standards
- Standard Conditions
- Statutes and Codes
- The Bid and Other Documents That Have Been Incorporated by Reference Can Sneak up on You
Why the First Few Paragraphs of the Contract Are so Important
Key Clauses, Including Review of
- Plans and Specifications
- Indemnity
- Insurance
- Warranty
- Payment Requirements
- Terminations
- Order of Precedence
- And Much, More
Key Phrases That Warn You of Danger, Such as Sole Discretion
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Credit
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Why Lorman?
Over 37 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.
Credits
OnDemand Course
This course was last revised on November 16, 2021.
Call 1-866-352-9540 for further credit information.
- CA MCLE 1.5
- Lorman Education Services is a State Bar of California approved MCLE sponsor and this course qualifies for 1.5 CLE hours of participatory credit.
To earn each credit Lorman offers through the OnDemand learning platform, you need to watch 100% of the program. Also, for certain credits you will need to fulfill additional requirements which will be displayed on the "credits" tab when viewing the course.
This program does NOT qualify, nor meet the National Standard for NASBA accreditation.
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Why Lorman?
Over 37 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.
Faculty
Larry P. Lubka
Hunt Ortmann Palffy Nieves Darling & Mah, Inc.
- Senior counsel at the law firm of Hunt Ortmann Palffy Nieves Darling & Mah, Inc. in Pasadena
- 35 plus years of experience in complex contracts, including commercial contracts, UCC agreements, and state, local, and federal government contracts
- Has given several hundred seminars on construction law across the country
- Has been a Best Lawyer, Super Lawyer, and Top Lawyer for over a decade
- Co-wrote sections of California Construction Law, wrote scores of articles, including articles in the Constructor
- Publishes regular articles on the Lubka & White website
- Member of the California Bar and several Federal courts
- J.D. degree, with honors, George Washington University Law Center; B.A. degree, Columbia University
- Can be contacted at [email protected] or Hunt Ortmann Palffy Nieves Darling & Mah, Inc. 301 N. Lake Avenue, 7th Floor, Pasadena, CA 91101, or 626-440-5200
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Why Lorman?
Over 37 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.
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