Commercial Contracts Essentials
Business relationships are a critical aspect of most business functions, and contracts are central to those relationships functioning well. 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 by the people negotiating or performing it. A contract, if constructed and understood well, can help create value, build relationships and trust, and manage risk.
Training outcomes
- Identify and understand the relevant parts of contracts encountered.
- Spot and explain issues in the contracts and markups provided by the other party.
- Productively interact with organizational functions (like Legal), as part of contract review.
This course was the single best training I’ve ever had.”
Director of Procurement, Big Red Rooster Flow
Part of the Marmon Retail Solutions network
Learn the structure and the details
This course is organized into 18 modules. Throughout these modules, you'll learn and the overarching structure and approach of commercial agreements. From there, we'll explore the essential types of provisions found in commercial agreements—reviewing what each provision is and does, common risks to buyers and sellers, common points of confusion on important concepts, and .
Learn by making mistakes in realistic, no-stakes exercises
Throughout this course's modules, we explore a sample commercial agreement, to As is always the case with Praktio courses, you'll learn not just through watching and listening to practical lessons and examples but also through doing —not to test you, but to give you opportunities to apply and practice, while receiving
Set up Your Company for Contracting Success
In case you were wondering
- 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)
Duration: You will have 1 year from the date of purchase to access and complete your online course materials. On average, it takes about 2 hours to complete the whole course; however, learners get to decide how much time to spend on each exercise and module.
Accessing: Following checkout, you will receive an email providing you with access to your online course materials.
Compatibility: Please use Chrome on a PC or Mac computer.
Reference Materials: As part of this purchase, you will also receive an e-book (which you may download or print for your use and later reference).
We Don't Share Your Scores! Praktio does not share user performance data (e.g., "scores") with anyone, including employers (e.g., if you're taking this training at a company). The only information shared with employers who purchase this training for their employees is progress data (e.g., how much of the course you have completed by when).