Contract Fundamentals
This is Praktio's foundational training in practical contract concepts and skills. Through learning the purpose of, key considerations regarding, and interaction between provisions found typically across contract documents, you will gain an arsenal of understanding to deploy when later reviewing, drafting, or negotiating any agreement.
Training outcomes
- Learn essential, practical contract skills, with a guided tour of realistic contract examples and interactive exercises.
- Learn the building-block provisions, conventions, and language of contracts.
- Become more effective in—and learn much more quickly from—subsequent experiences working with contracts.
Thank you for putting this program together! As a newly arrived associate, I found it very helpful for getting a bigger picture view of how things work in the deals I’m on."
Rebecca Green
Then Associate at Cleary Gottlieb
Learn by making mistakes in realistic, no-stakes exercises
In true-to-form Praktio fashion, you will learn by doing—not merely by reading or listening. Contract Fundamentals engages you in a sequence of exercises throughout each learning topic to help you better learn and retain—while learning how to use—the key concepts of the training. Work through the materials on your own time and at your own pace—you can always stop, save, and return to where you left off.
Learn the structure and the details
To give you a sense of the forest, Contract Fundamentals begins with a high-level treatment of generally. To help you master the trees, it then zooms into an using realistic contract examples. And, as a the training ends with an examination of the structure of complex contract documents.
Build a curriculum
Pair with these other offerings to build out your practical, online, interactive curriculum.
In case you were wondering
- Basic Structure
- Intro Provisions
- Preamble
- Recitals
- Core Provisions
- Covenants
- Representations & Warranties
- Conveyances
- Licenses
- General Provisions
- Conditions
- Definitions
- Indemnification
- Limitation of Liability
- Stipulated Relief
- Term & Termination
- Integration
- Assignment & Change of Control
- Modification & Waiver
- Dispute Resolution
- Complex Structure
"Thank you for putting this program together! As a newly arrived associate, I found it very helpful for getting a bigger picture view of how things work in the deals I’m on."
Rebecca Green
Then Associate at Cleary Gottlieb
(Now Vice President, Senior Corporate Counsel at U.S. Bank)
"Contract Fundamentals and Precision Training have been incredibly helpful. I started my first drafting assignment post-training yesterday, and I already feel more confident in my drafting skills."
Caitlin Gray
Associate at Dentons
"I have completed the Praktio courses and really loved them: I believe they significantly improved my contract drafting and reviewing skills."
Edward Wang
Associate at Cooley
"I really think the software is great. I can see it being valuable no matter who you are, but especially if you weren't fortunate enough to have transactional offerings in law school. As I went through the segments, I kept coming across items I remember mid-level associates explaining as background. This software makes sure that not only are those lessons learned, but they are learned in a more efficient way. I would highly recommend this as a part of any law firm intake and orientation. It would definitely raise the knowledge-base for most incoming classes.
"I really liked the small segment structure of the program. It really made the pieces digestible as opposed to something you have to do in one sitting. I had anticipated that it would be non-stop, so I was pleasantly surprised. It never felt like I was bogged down in a particular lesson."
Renard Miller
Then Associate at Latham & Watkins LLP
(Now Senior Product Counsel at Zoom)
"Contract Fundamentals is a very good teaching presentation of the different parts of a typical contract. These modules are an excellent resource for a contract drafting course and for training first-year associates. I think it is assumed that a lawyer with a few years experience will already know this stuff (though, a refresher never hurts). While the last module specifically addresses a business acquisition agreement and the example primarily used throughout the modules is a supply agreement, much of the substance is applicable to any business contract."
Norman Alpert
Counsel at Friedman Kaplan Seiler & Adelman LLP
"I appreciated this course, given that it has been over a year and a half since I took 1L Contracts. This course is especially important for those that have not dealt with actual contracts and agreements before (i.e. only litigation experience). This anatomy of a contract was incredibly helpful."
Kevin A.
Then Summer Associate at AmLaw 100 Law Firm
CLE: Currently available for CLE as follows: CA - 3.0; IL - 2.5; NY - 3.0; VA - 2.5. The content of this course was authored by Praktio's founder, Michael Bloom, an attorney currently in good standing and licensed in Michigan.
Duration: You will have 1 year from the date of purchase to access and complete your online course materials. On average, it takes about 4-5 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 an associate taking this training at a law firm). 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).