Gain a better understanding of the process of drafting and reviewing contracts.
Every business will engage in discussions and negotiations with customers, suppliers, vendors, manufacturers, subcontractors, and many third parties. How do you know if you have a legally enforceable contract or not? Businesses must learn how to anticipate favorable outcomes and recognize unfavorable or poorly drafted contract provisions. Every contract must be prepared and reviewed with an understanding that a breach of contract will cause costly and time-consuming litigation. This program will help attendees understand the process of drafting and reviewing contracts. Recognizing effective contracts begins with an understanding of the crucial issues in contracts and how contracts are interpreted and enforced. The presentation will then illustrate how this knowledge can aid businesses in forecasting and mitigating the common pitfalls associated with contracts. This topic will explain critical problems that can occur if a diligent approach is not utilized in preparing and reviewing a contract. Every business needs to understand its contractual obligations, liability, and remedies. Businesses will be able to assess their outstanding responsibilities and potential liabilities by navigating contractual provisions with skill and confidence.
Learning Objectives
- You will be able to recognize how a contract is formed.
- You will be able to recognize how contracts are enforced and interpreted by the courts.
- You will be able to identify best practices on drafting effective contracts.
- You will be able to recognize provisions for nonperformance and breach.
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Why Lorman?
Over 39 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
How a Contract Is Formed
- What Is an Offer
- What Constitutes Acceptance of an Offer
- What Constitutes Consideration
- Meeting of the Minds on Contract Terms
- Classification and Types of Contracts
How Contracts Are Enforced and Interpreted by the Courts
- What Makes a Contract Enforceable or Unenforceable Under the Law
- How Do Courts Address Ambiguity in Contractual Provisions
- How Do Courts Proceed Where a Contract Is Silent on a Particular Issue
An Overview on Drafting Effective Contracts.
- Basic Contract Formalities
- Identifying and Clarifying Potentially Ambiguous Terms
- Specifying and Allocating Liability; Indemnification
- Confidentiality
- Boilerplate Provisions
Provisions for Nonperformance and Breach
- Non-Performance and Default
- Termination of the Contract
- Remedies and Damages
- Choice of Law, Forum, and Dispute Resolution
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Credit
More Program Information
Why Lorman?
Over 39 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
This course was last reviewed on April 22, 2025.
Call 1-866-352-9540 for further credit information.
- AK CLE 1.0
- Alaska attorneys may receive 1.0 hour(s) of continuing legal education for completing this program. Please contact the Alaska Bar Association or go to www.alaskabar.org for details regarding reciprocity with other states.
- AL CLE 1.0
- This course or a portion thereof has been approved by the Alabama State Mandatory Continuing Legal Education Commission for a maximum of 1.0 hour(s) credit.
- Arizona CLE 1.0
- The Arizona State Bar does not pre-approve or pre-certify MCLE programs. However, records of this program and attendance will be maintained by Lorman Education Services/Noggin Guru for auditing purposes. This activity may qualify for up to 1.0 hour(s) toward your annual CLE requirement for the State Bar of Arizona.
- CA MCLE 1.0
- Lorman Education Services/Noggin Guru is a State Bar of California approved MCLE sponsor and this course qualifies for 1.0 CLE hour(s) of participatory credit.
- CT CLE 1.0
- Neither the Connecticut Judicial Branch nor the Commission on Minimum Continuing Legal Education approve or accredit CLE providers or activities. This course has been approved for CLE credit in jurisdictions aside from CT and therefore it automatically meets the content and delivery requirements in Connecticut. Credit is based on a 60 minute credit hour and shall be awarded as follows: 1.0 CLE credit(s).
- GA CLE 1.0
- This program has been approved by the Georgia Commission on Continuing Lawyer Competency for 1.0 CLE hour(s).
- MO CLE 1.2
- This course qualifies for self-study CLE credit in Missouri.
- NM CLE 1.0
- This program has been approved by the New Mexico Minimum Continuing Legal Education Board for 1.0 hour(s) of credit.
- VT CLE 1.0
- This self-study program has been approved by the Mandatory Continuing Legal Education Board of Vermont for 1.0 hour(s) of CLE credit. Please note: Attorneys may only claim 12 credits per compliance period in this format. This course is considered "Non-Moderated Programming without Interactivity".
- WA CLE 1.0
- This program has been approved by the Washington State Board of Continuing Legal Education for 1.0 hour(s) 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 39 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
Mason Van Gorp
Innovative Law Group
- Law Clerk at Innovative Law Group
- Knowledgeable about contractual issues
- J.D. degree, Michigan State University College of Law
- Can be contacted at [email protected]
Mark H. Zietlow, Esq.
Innovative Law Group
- Attorney at Innovative Law Group
- Represents innovative companies on the cutting edge of technology, retail stores, distributors, service firms, manufacturing companies, and suppliers
- Frequent lecturer on business law
- Admitted to practice in Michigan, Ohio, and the U.S. Tax Court
- Member of the State Bar of Michigan and State Bar of Ohio
- J.D. Degree, The Ohio State University College of Law; M.S. Degree, Grand Valley State University Seidman School of Business; M.A. Degree, The Ohio State University Graduate School of Public Policy and Management; B.A. Degree, Capital University
- Can be contacted at [email protected] or 616-392-4100
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Why Lorman?
Over 39 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.
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