Learn the Contract Basics You Need to Know (For Beginners)

What you'll learn

Understand the basic requirements for contract formation
Understand key concepts that will help decrease ambiguities and inconsistencies in contract language
Understand the function of term sheets during preliminary negotiations
Learn which parties to include during contract development
Understand contract amendments
Understand contract termination

Requirements

Be able to read basic contract terms and understand the definitions

Description

This is a beginner level course.

It will introduce you to the fundamentals of contract and business law. You'll understand the advantages and disadvantages of term sheets. You'll walk away with an understanding of what the requirements are for contract formation. You'll know who to include during contract negotiations and when you will likely need to amend the contract. Finally, you'll understand the importance of winding down and terminating the contract.

The Course Purpose

The purpose of this course is to help you with the following:

Understand key concepts that will help decrease ambiguities and inconsistencies in contract language

Understand the function of term sheets during preliminary negotiations

Learn which parties to include during contract development

Understand contract amendments

Understand contract termination

The Course Instructor

The course instructor is a North Carolina licensed attorney (since 2002) with over a decade of experience drafting, negotiating, and managing contracts both in the public sector and in a private law firm.

Who this course is for:

Business owners who need a basic understanding of contracts
Prospective business owners who are curious about how contracts work
Beginner business employees and/or contractors who want a basic understanding of contracts
Anyone interested in learning the basics about contract requirements and terms