Gain a better understanding of the process of drafting and reviewing contracts.
Every business will engage in discussions and negotiations with customers, suppliers, vendors, manufacturers, subcontractors, and many third parties. How do you know if you have a legally enforceable contract or not? Businesses must learn how to anticipate favorable outcomes and recognize unfavorable or poorly drafted contract provisions. Every contract must be prepared and reviewed with an understanding that a breach of contract will cause costly and time-consuming litigation. This program will help attendees understand the process of drafting and reviewing contracts. Recognizing effective contracts begins with an understanding of the crucial issues in contracts and how contracts are interpreted and enforced. The presentation will then illustrate how this knowledge can aid businesses in forecasting and mitigating the common pitfalls associated with contracts. This topic will explain critical problems that can occur if a diligent approach is not utilized in preparing and reviewing a contract. Every business needs to understand its contractual obligations, liability, and remedies. Businesses will be able to assess their outstanding responsibilities and potential liabilities by navigating contractual provisions with skill and confidence.
Learning Objectives
- You will be able to recognize how a contract is formed.
- You will be able to recognize how contracts are enforced and interpreted by the courts.
- You will be able to identify best practices on drafting effective contracts.
- You will be able to recognize provisions for nonperformance and breach.
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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
How a Contract Is Formed
- What Is an Offer
- What Constitutes Acceptance of an Offer
- What Constitutes Consideration
- Meeting of the Minds on Contract Terms
- Classification and Types of Contracts
How Contracts Are Enforced and Interpreted by the Courts
- What Makes a Contract Enforceable or Unenforceable Under the Law
- How Do Courts Address Ambiguity in Contractual Provisions
- How Do Courts Proceed Where a Contract Is Silent on a Particular Issue
An Overview on Drafting Effective Contracts.
- Basic Contract Formalities
- Identifying and Clarifying Potentially Ambiguous Terms
- Specifying and Allocating Liability; Indemnification
- Confidentiality
- Boilerplate Provisions
Provisions for Nonperformance and Breach
- Non-Performance and Default
- Termination of the Contract
- Remedies and Damages
- Choice of Law, Forum, and Dispute Resolution
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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 reviewed on May 29, 2024.
Call 1-866-352-9540 for further credit information.
- AK CLE 1.0
- Alaska attorneys may receive 1.0 hours of continuing legal education for completing this program. Please contact the Alaska Bar Association or go to www.alaskabar.org for details regarding reciprocity with other states.
- AL CLE 1.0
- This course or a portion thereof has been approved by the Alabama State Mandatory Continuing Legal Education Commission for a maximum of 1.0 hours credit.
- AR CLE 1.0
- This course has been approved for 1.0 hours of CLE by the Arkansas CLE Board.
- Arizona CLE 1.0
- The Arizona State Bar does not pre-approve or pre-certify MCLE programs. However, records of this program and attendance will be maintained by Lorman Education Services for auditing purposes. This activity may qualify for up to 1.0 hours toward your annual CLE requirement for the State Bar of Arizona.
- CA MCLE 1.0
- Lorman Education Services is a State Bar of California approved MCLE sponsor and this course qualifies for 1.0 CLE hours of participatory credit.
- CT CLE 1.0
- Neither the Connecticut Judicial Branch nor the Commission on Minimum Continuing Legal Education approve or accredit CLE providers or activities. This course has been approved for CLE credit in jurisdictions aside from CT and therefore it automatically meets the content and delivery requirements in Connecticut. Credit is based on a 60 minute credit hour and shall be awarded as follows: 1.0 CLE credit(s).
- GA CLE 1.0
- This program has been approved by the Georgia Commission on Continuing Lawyer Competency for 1.0 CLE hours.
- MO CLE 1.2
- This course qualifies for self-study CLE credit in Missouri.
- ND CLE 1.0
- North Dakota CLE policy does not allow for pre-approval of any self-study courses. This course may qualify for up to 1.0 hours of CLE credit.
- NH MCLE 1.0
- NH MCLE does not approve or accredit CLE activities for the NH Minimum CLE requirement. Lorman Education Services believes this Ondemand course meets the requirement of NH Supreme Court Rule 53 and may qualify for CLE credit(s). Program Length: 59 Minutes.
- NM CLE 1.0
- This program has been approved by the New Mexico Minimum Continuing Legal Education Board for 1.0 hours of credit.
- NV CLE 1.0
- This program has been approved by the Nevada Board of Continuing Legal Education for 1.0 CLE hours.
- RI CLE 1.0
- This program has been approved by the Rhode Island Mandatory Continuing Legal Education Commission for 1.0 hours of CLE credit.
- VT CLE 1.0
- This self-study program has been approved by the Mandatory Continuing Legal Education Board of Vermont for 1.0 hour(s) of CLE credit. Please note: Attorneys may only claim 12 credits per compliance period in this format. This course is considered "Non-Moderated Programming without Interactivity".
- WA CLE 1.0
- This program has been approved by the Washington State Board of Continuing Legal Education for 1.0 hours of A/V credit under the Law & Legal Procedure category.
HR Certification Institute 1.0
- This E-Learning program has been pre-approved for 1.0 (General) recertification credit hours toward aPHR®, aPHRi(TM), PHR®, PHRca®, SPHR®, GPHR®, PHRi(TM), and SPHRi(TM) recertification through HR Certification Institute® (HRCI®). For more information about certification or recertification, please visit the HR Certification Institute website at www.hrci.org.
SHRM 1.0
- Lorman Education Services is recognized by SHRM to offer Professional Development Credits (PDCs) for the SHRM-CPSM or SHRM-SCPSM. This program is valid for 1.0 PDC(s) for the SHRM-CP or SHRM-SCP.
CPE/NASBA - QAS Self Study 1.6 including Taxes 1.6
- Noggin Guru, Inc. dba Lorman Education Services and BankersHub is registered with the National Association of State Boards of Accountancy (NASBA) as a QAS Self Study sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its web site: www.nasbaregistry.org. For more information regarding administrative policies such as complaint and refund, please contact our offices at 866-352-9539. CPE Credit: Maximum Credit Hours: 1.6 each session (based on a 50 minute credit hour). You must attend at least 50 minutes to obtain credit. Field of Study: Taxes for 1.6 hours. Prerequisite: . Level of Knowledge: Intermediate. Teaching Method: Seminar/Lecture. Advance Preparation: None. Delivery Method: QAS Self Study. Please refer to the information in this advertisement for outline, course content and objectives. Upon completion of this course, you will receive a certificate of attendance. Final approval of a course for CPE credit belongs with each state's regulatory board.
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.
- Those applying for AIA and HRCI must view 100% of the program and answer the questions following the program.
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More Program Information
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
Mason Van Gorp
Innovative Law Group
- Law Clerk at Innovative Law Group
- Knowledgeable about contractual issues
- J.D. degree, Michigan State University College of Law
- Can be contacted at [email protected]
Mark H. Zietlow, Esq.
Innovative Law Group
- Attorney at Innovative Law Group
- Represents innovative companies on the cutting edge of technology, retail stores, distributors, service firms, manufacturing companies, and suppliers
- Frequent lecturer on business law
- Admitted to practice in Michigan, Ohio, and the U.S. Tax Court
- Member of the State Bar of Michigan and State Bar of Ohio
- J.D. degree, The Ohio State University College of Law; M.S. degree, Grand Valley State University Seidman School of Business; M.A. degree, The Ohio State University Graduate School of Public Policy and Management; B.A. degree, Capital University
- Can be contacted at [email protected] or 616-392-4100
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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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