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Nonprofit Contracts: Protecting Your Organization

Gain a better understanding of the key nonprofit contract provisions to help identify, mitigate and eliminate risks.

Perceived financial costs and related time constraints cause many nonprofits to enter into contracts while foregoing legal assistance and review. This approach can lead to serious risk exposures and lost opportunities for the organization. This topic can help the persons responsible for contract oversight to understand what key provisions mean, and how to negotiate them successfully on behalf of your organization. The content also explains how contracts fit into the overall risk architecture of the nonprofit organization, and what checks might need to be performed on key issues outside the four corners of the agreement. Failing to have a proper contract review process can lead to negotiation oversights and regulatory errors that could cost many thousands of dollars to remediate. This topic is critical for nonprofit personnel to identify, mitigate, and eliminate these risks.

Runtime: 90 minutes
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Why Lorman?

Over 31 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

Agenda

Basic Contract Principles

  • Types of Contracts
  • Offer, Acceptance, and Consideration

Key Provisions

  • Representations and Warranties
  • Termination Rights
  • Indemnification
  • Limitation of Liability (Waivers and Releases)
  • The Miscellaneous Stuff - Force Majeure, Governing Law, Entire Agreement

Intersection With Other Governing Documents, Policies, and Procedures

  • Articles and Bylaws
  • Other Agreements
  • Insurance Coverage and Risk

Special Considerations

  • Contracts Where Directors Have a Financial Interest
  • Sovereign Immunity
  • Charitable Solicitation Agreements
  • Endowment Agreements
  • Employment Agreements, Terminations, and Releases
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More Program Information

Why Lorman?

Over 31 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

Credits

OnDemand Webinar

This course was last revised on October 24, 2017.

Call 1-866-352-9540 for further credit information.

This program does NOT qualify, nor meet the National Standard for NASBA accreditation.

Audio & Reference Manual

  • Arizona CLE 1.5
     
  • CA MCLE 1.5
     
  • CT CLE 1.5
     
  • GA CLE 1.5
     
  • HI CLE 1.5
     
  • IL CLE 1.5
     
  • ME CLE 1.5
     
  • MT CLE 1.5
     
  • NJ CLE 1.8
     
  • NV CLE 1.5
     
  • VT CLE 1.5
     
  • WA CLE 1.5
     
  • WV MCLE 1.8
     
The CLE Code is ONLY a requirement when applying for CLE Credit in California (for participatory credit), Kansas, New Jersey or New York. Other states do not need to supply the CLE Code to apply for CLE credit.

This program does NOT qualify, nor meet the National Standard for NASBA accreditation.

MP3 Download

  • Arizona CLE 1.5
     
  • CA MCLE 1.5
     
  • CT CLE 1.5
     
  • HI CLE 1.5
     
  • IL CLE 1.5
     
  • ME CLE 1.5
     
  • MT CLE 1.5
     
  • NJ CLE 1.8
     
  • NV CLE 1.5
     
  • VT CLE 1.5
     
  • WA CLE 1.5
     
  • WV MCLE 1.8
     
The CLE Code is ONLY a requirement when applying for CLE Credit in California (for participatory credit), Kansas, New Jersey or New York. Other states do not need to supply the CLE Code to apply for CLE credit.

This program does NOT qualify, nor meet the National Standard for NASBA accreditation.

Purchase Options

More Program Information

Why Lorman?

Over 31 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

Faculty

Peter H. Schwartz, Esq.

Peter H. Schwartz, Esq.

Davis Graham & Stubbs LLP

  • Partner in the office of Davis Graham & Stubbs LLP
  • Practice emphasizes all aspects of corporate nonprofit law and related corporate governance and contract matters
  • Conducts regular seminars and workshops on nonprofit law; Chair, Nonprofit Legal Audit Clinic (January 2016 – present)
  • Wrote several publications related to the areas of nonprofit organizations; lead author, “Liability and Risk Management for Nonprofit Organizations” in CBA/CLE Guide to Nonprofit Organizations (Colorado Bar Association, published 2006, as supplemented from time to time); Workgroup Leader for “Governance” section of Colorado Nonprofit Association Principles & Practices for Nonprofit Excellence (3rd Ed.)
  • Chairman of the Board of Directors, Colfax Marathon; secretary (Chair Elect), Colorado Lawyers Committee; member, Colorado Nonprofit Association and admitted in Colorado, New York, Washington DC, and Washington
  • The Best Lawyers in America®; Colorado Super Lawyer and Law Week Colorado’s Barrister’s Best 2016 as the “People’s Choice” Lawyer for Nonprofit Law
  • J.D. degree, Columbia University; M.S.R.E. degree, Massachusetts Institute of Technology; M.C.P. degree, Massachusetts Institute of Technology; B.A. degree, magna cum laude, Princeton University
  • Can be contacted at 303-892-7381 or [email protected]
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Product ID: 400992
Published 2017
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