Course Code:
contra101
Duration:
8 hours
Prerequisites:
Course Objectives
By the end of this course, participants will be able to:
- Understand the essential elements and legal principles behind contracts
- Identify and interpret common contract clauses
- Write or review simple contracts with clarity and confidence
- Avoid common pitfalls in contract drafting
Target Audience: New contract managers, project managers, procurement officers, admin staff, business professionals involved in agreements
Course Outline:
Module 1: Introduction to Contracts What is a contract?
- Types of contracts (verbal vs. written, unilateral vs. bilateral)
- Legal requirements for enforceability (offer, acceptance, consideration, capacity, legality)
Module 2: Key Components of a Contract
- Parties and recitals
- Definitions and interpretation
- Obligations and deliverables
- Payment terms
- Duration and termination clauses
Module 3: Common Contract Clauses and What They Mean
- Confidentiality
- Indemnity
- Force majeure
- Governing law and dispute resolution
- Limitation of liability
- Non-compete and non-disclosure
Module 4: Basics of Contract Drafting
- Structure and formatting
- Using clear and unambiguous language
- Drafting do’s and don’ts
- Templates vs. customized clauses
Module 5: Reviewing and Analyzing Contracts
- What to look for when reviewing a contract
- Red flags and risk areas
- Practical tips for contract negotiation and clarification
Module 6: Hands-On Workshop
- Review and edit a sample contract
- Draft simple clauses (e.g., payment terms, confidentiality)
- Group discussion on improvements