Leading law firms use Contract Fundamentals to prepare their lawyers to hit the ground running, with consistent, comprehensive, and flexible training on the practical nuances of contract documents and their provisions.
Course Description: Contract Fundamentals 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.
In true-to-form Praktio fashion, learners will learn not merely by reading or listening but by doing. Contract Fundamentals engages the learner in a sequence of exercises throughout each learning topic to help them better learn and retain--while learning how to use--the key concepts of the training. Learners work through the materials on their own time and at their own pace--they can always stop and save their progress and return to where they left off.
To give the learner a sense of the forest, Contract Fundamentals begins with a high-level treatment of contract structure generally. To help learners master the trees, it then zooms into an interactive examination of each fundamental provision, using realistic contract examples. And, as a reinforcing capstone, the training ends with an examination of the structure of complex contract documents.
Watch this 4-minute video for a brief tour of this course.
Learn foundational practical contract concepts and skills.
Receive a guided tour of realistic contract examples.
Reinforce lessons through interactive exercise, solving problems through contract drafting and analysis.
Contract Fundamentals comprehensively teaches the nuances of "building block" provisions, conventions, and language of contracts and prepares learners to be more effective in--and learn much more quickly from--subsequent experiencesworking with contracts.
Number of Users: Choose the number of seat licenses to purchase (e.g., the number of team members who will be taking the course) in the "# of Seats" field.
CLE: Currently available for CLE as follows: CA - 2.5; IL - 2.5; MN - 2.0; NC - 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 ofUse:Users will have 1 year from redeeming their access code to complete the online course materials. (Law firms will often set a shorter deadline for users to complete the course, but Praktio recommends providing at least 4 weeks if users will be completing alongside other work.)
Access: Following checkout, Praktio will provide you with an access code and link to share with your organization's users. This code will allow users to redeem access credentials up to the purchased quantity. If you require additional users, simply Contact Us or purchase additional seats here.
Reporting:Please select if you'd like to receive user progress reports for your team, and, if so, how often (daily, weekly, monthly) you'd like to receive them.
Compatibility: Users should use Chrome for an optimal experience.
Reference E-Book:As part of this purchase, your team will also receive the Contract Fundamentals E-Book (which each user may download or print for their use and later reference).
"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, Associate at Cleary Gottlieb
"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, Mid-Level Associate at Latham & Watkins LLP
"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 really enjoyed the course and found it very helpful!"
Derek S., "Am Law 100" Law Firm First-Year Associate
"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., "Am Law 100" Law Firm Summer Associate
"Overall I liked the course a lot, just would have appreciated it more 6 months ago."
Lindsey L., "Am Law 100" Law Firm First-Year Associate
"I'm really satisfied with this course."
Hajime T., Japanese "Big Four" Law Firm Mid-Level Associate