Understanding contract law is vital in business and will help you safeguard your business interests and protect your company’s rights at all times. Learn how and when a contract is formed, appreciate the different terms in a contract, find out the various vitiating factors that can rescind a contract and ways to discharge a contract, and remedies available to an innocent party in the event of a breach of contract? Real life examples and case scenarios will give you an opportunity to apply these knowledge to actual situations.
Objective
- Understand principles and practices of contract law
- What is a contract and how is it different from an agreement?
- Understand when a contract is formed.
- Reduce the chances of contract pitfalls
- Improve awareness of their own actions
- Negotiate from a position of strength
Course Outline
- usiness planning
- Safeguarding contractual rights
- Understanding implications of discharging contracts
- Enforcing contractual rights
- Differentiation of various contractual terms
- Preparing for commercial negotiations
- Inviting tenders and making offers
- Making a contract
- Performance of contract
- Non-performance and breach of contract
- Defences to alleged breach of contract
- Avoidance of limitations of risks
- Analysis of typical supply terms
- Analysis of typical manufacturing licence
- Analysis of typical marketing agreement
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