The Essentials of Commercial Contracts

Takes ~2 hours Bite-sized modules On-demand Access for 1 year
Learn the practical components and common pitfalls of commercial contracts, and be better equipped to work with them on the job. This on-demand course includes interactive exercises that let participants work with realistic documents and receive immediate feedback on their work.
$299 per learner

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Used by thousands of professionals at top companies and firms, including:

There is a huge void in the industry for training like this—something useful for business roles that is not too high level to be actionable and not too detailed to be overkill.”

Heather Manning
General Counsel, Industrial & Retail Technologies Marmon Holdings, Inc., a Berkshire Hathaway company

Develop a practical framework for working with any commercial contract.

A contract, if constructed and understood well, can help create value, build relationships and trust, and manage risk. But the process of negotiating a contract, and then performing it, can itself be costly and time consuming and carry risk of damaging a relationship, especially if the contract itself is poorly constructed or misunderstood.

This course is designed to help business roles (e.g., contract managers) gain the practical knowledge needed to work with commercial contracts, including key provisions, important concepts, and common points of confusion.

What you'll learn

  • Identify and understand the relevant parts of commercial contracts.
  • Spot and explain issues in counterparty contracts and markups.
  • Productively interact with organizational functions (like Legal), as part of contract review.

Why Praktio e-learning?

We believe the best way to learn is through realistic, guided experiences that are engaging and chock full of feedback at every turn. Like all of our courses, Commercial Contracts Essentials is:

  • Practical: Improve professional skills through realistic exercises that transfer to real-world work.
  • Interactive: Drive learning, retention, and application through science-backed interactive learning.
  • On-demand: Access powerful learning anytime, anywhere with self-paced, bite-sized training modules.
  • Course Overview
  • Contracts: What, Why & When
  • Legal & Commercial Terms
  • Intro Provisions: Preamble & Recitals
  • Definitions
  • Covenants
  • Pricing, Payment & Purchase Provisions
  • Representations & Warranties
  • IP Rights Provisions
  • Confidentiality Provisions
  • Privacy Provisions
  • Indemnification
  • Insurance Provisions
  • Limitations of Liability
  • Term & Termination
  • Force Majeure Provisions
  • Governing Law & Forum
  • Amending Agreement (Modification Provisions)