Legal Aspects of Commercial Contracting Course

Program Overview

This online commercial contracts course provides a comprehensive overview of the legal framework governing commercial contracts. It covers key principles, formation, interpretation, performance, breach, termination, risk allocation, and dispute resolution. Led by experienced legal professionals, the course utilizes case studies and practical exercises to enhance understanding and prepare participants for careers in commercial contracting.

Program Outline

Outline:

Course Content:

• Legal requirements for contract formation and enforceability
• Interpretation and application of contractual terms and conditions
• Implications of contract breaches and remedies
• Impact of statutory and regulatory requirements on commercial contracts
• Strategies for mitigating legal risks and ensuring compliance with contractual obligations
• Drafting contract provisions to address legal concerns and protect organizational interests

Course Structure:

• Online course
• 11 weeks in duration
• No set meeting times

Course Modules:

• Module 1: Introduction to Commercial Contracts
• Overview of the legal framework governing commercial contracts
• Key principles of contract law
• Types of commercial contracts
• Module 2: Contract Formation
• Elements of a valid contract
• Offer and acceptance
• Consideration
• Module 3: Contract Interpretation
• Rules of contract interpretation
• Parol evidence rule
• Implied terms
• Module 4: Contract Performance
• Obligations of the parties
• Excuses for non-performance
• Substantial performance
• Module 5: Contract Breach
• Types of contract breaches
• Remedies for breach of contract
• Mitigation of damages
• Module 6: Contract Termination
• Methods of contract termination
• Consequences of contract termination
• Module 7: Risk Allocation and Dispute Resolution
• Allocation of risk in commercial contracts

Teaching:

• Instructor: Lee Schuh
• Teaching methods:
• Case studies
• Practical exercises