How to Read a Business Contract
45mGeneral2024-07-22
Authors
CRFT Productions
Full-Service Learning Content Company
Nkem Ekwukoma
Course details
Perfect for anyone who handles contracts in their business or entrepreneurial endeavors, this course empowers you with the knowledge to review, negotiate, and manage contracts effectively. In this course, experienced business lawyer Nkem Ekwukoma simplifies the daunting task of contract review and interpretation and teaches you to navigate the complexities of business contracts with confidence by understanding both the essential elements and the legal jargon.
Explore the crucial parts of a contract, including obligations, financial terms, protections, boilerplate clauses, dispute resolutions, and exit strategies. Learn how to identify what you need from a contract and balance it with what the other party wants, ensuring you protect your business interests, financial gains, and reputation. Plus, build up the skills you need to save money, time, and stress by becoming proficient in reading and understanding the legal documents crucial to your business success.
Explore the crucial parts of a contract, including obligations, financial terms, protections, boilerplate clauses, dispute resolutions, and exit strategies. Learn how to identify what you need from a contract and balance it with what the other party wants, ensuring you protect your business interests, financial gains, and reputation. Plus, build up the skills you need to save money, time, and stress by becoming proficient in reading and understanding the legal documents crucial to your business success.
Skills covered
Ethics and LawLimited SeriesBusiness Analysis and Strategy
Concepts
Introduction
- Understanding a business contract
- Legal disclaimer - Reading a business contract
Where to Start
- What not to do when you get a contract
- Consider why you received this contract
- Business contracts at a glance
The Importance of Knowing What You Want
- Knowing what you want from a contract
- Choosing your essential, desirable, and acceptable terms
- Considering what the other party wants in the contract
The Importance of Knowing What You Don't Want
- What could negatively affect your ability to do business
- What could negatively affect your financial gain
- What could negatively affect your reputation
Navigating a Contract
- Finding the obligations within a contract
- Finding the financials within a contract
- Finding the protections within a contract
- Finding the boilerplate within a contract
- Finding the disputes clause within a contract
- Finding the exit clause within a contract
Conclusion
- Considering your options with business contracts