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OnDemand Course

Contract Provisions for Business Owners: Bulletproof Terms You Need to Know

Learn to quickly recognize risky clauses, better understand the risks those clauses create, and how to reduce or eliminate those risks before you sign the contract.

Almost every contract dispute ends up being controlled by the contract or purchase order terms and conditions. Too often companies sign a contract or purchase order without fully understanding the agreement they have become bound to. For many, reading a contract is like reading a foreign language. This topic will teach you how to translate the convoluted terms of a contract, how to determine if there is a problem hidden within a clause, and how to deal with that problematic clause. Often, participants in a construction project enter into contracts without knowing how to read the clauses and fully recognize the risks they have taken on. The benefit of this material is that you will be able to quickly recognize risky clauses, better understand the risks those clauses create and how to reduce or eliminate those risks before you sign the contract. You will also learn which phrases aggravate that risk and how you can minimize the risk where you have already signed a bad contract.

85 minutes
Course Exam
Certificate of Completion
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Why Lorman?

Over 37 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

What Terms Should Be in Your Contract and What Terms Should Not Be There?

What Clauses Get Companies in Trouble?

Incorporation by Reference

  • Industry Standards
  • Standard Conditions
  • Statutes and Codes
  • The Bid and Other Documents That Have Been Incorporated by Reference Can Sneak up on You

Why the First Few Paragraphs of the Contract Are so Important

Key Clauses, Including Review of

  • Plans and Specifications
  • Indemnity
  • Insurance
  • Warranty
  • Payment Requirements
  • Terminations
  • Order of Precedence
  • And Much, More

Key Phrases That Warn You of Danger, Such as Sole Discretion

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Why Lorman?

Over 37 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 Course

Applications have not yet been submitted for Delaware, Idaho, Kentucky, Maine, New Hampshire, Ohio, Oklahoma, South Carolina, and Wyoming CLE for this course. However, if you are interested in obtaining CLE for any of the listed states or have any additional credit questions please email us at [email protected] or call us at 866-352-9540.

This course was last revised on November 16, 2021.

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

  • AR CLE 1.5
     
  • This course has been approved for 1.5 hours of CLE by the Arkansas CLE Board.
     
  • CA MCLE 1.5
     
  • Lorman Business Center, LLC. is a State Bar of California approved MCLE sponsor and this course qualifies for 1.5 CLE hours of participatory credit.
     
  • WA CLE 1.5
     
  • This program has been approved by the Washington State Board of Continuing Legal Education for 1.5 hours of A/V credit under the Law & Legal Procedure category.
     

To earn each credit Lorman offers through the OnDemand learning platform, you need to watch 100% of the program. Also, for certain credits you will need to fulfill additional requirements which will be displayed on the "credits" tab when viewing the course.

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

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Why Lorman?

Over 37 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

Larry P. Lubka

Larry P. Lubka

Hunt Ortmann Palffy Nieves Darling & Mah, Inc.

  • Senior counsel at the law firm of Hunt Ortmann Palffy Nieves Darling & Mah, Inc. in Pasadena
  • 35 plus years of experience in complex contracts, including commercial contracts, UCC agreements, and state, local, and federal government contracts
  • Has given several hundred seminars on construction law across the country
  • Has been a Best Lawyer, Super Lawyer, and Top Lawyer for over a decade
  • Co-wrote sections of California Construction Law, wrote scores of articles, including articles in the Constructor
  • Publishes regular articles on the Lubka & White website
  • Member of the California Bar and several Federal courts
  • J.D. degree, with honors, George Washington University Law Center; B.A. degree, Columbia University
  • Can be contacted at [email protected] or Hunt Ortmann Palffy Nieves Darling & Mah, Inc. 301 N. Lake Avenue, 7th Floor, Pasadena, CA 91101, or 626-440-5200
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Add to Wishlist

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Why Lorman?

Over 37 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.

All of your training, right here at Lorman

All of your training, right here at Lorman.

Pay once and get a full year of unlimited training in any format, any time!

  • OnDemand Courses
  • Live Webinars
  • MP3 Downloads
  • Course Manuals
  • Executive Reports
  • White Papers and Articles

Additional benefits include:

  • State Specific Credit Tracker
  • All-Access Pass Course Concierge

Questions? Call 877-296-2169 to speak with a real person.

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Product ID: 409230
Published 2021
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Available in Multiple Formats

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