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Contract Fundamentals

August 23 @ 1:00 PM - 2:00 PM EDT

Nonprofit.Courses Select by Lorman

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 identify contractual issues and potential solutions to help your business.
  • You will be able to explain and mitigate risks while reviewing and preparing contracts.
  • You will be able to recognize key contractual provisions that you should include in every contract.
  • You will be able to review the results you want in a contract.


August 23
1:00 PM - 2:00 PM EDT
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