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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.

Runtime: 93 minutes
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Why Lorman?

Over 33 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?

Incorporations by Reference:

  • Industry Standards, Standard Conditions, Statutes and Codes, the Bid and Other Documents That 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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More Program Information

Why Lorman?

Over 33 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, 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 January 29, 2019.

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

  • 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 33 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

Lubka & White LLP

  • Partner at Lubka & White LLP
  • More than 30 years of experience in complex contracts, including commercial, UCC, state and local, and federal government contracts
  • Given several hundred seminars on construction law across the country
  • Selected as 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 and publishes regular articles in 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
  • Can be contacted at 626-301-0700, [email protected] or Lubka & White LLP, 222 E. Huntington Drive, Suite 215, Monrovia, CA
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Why Lorman?

Over 33 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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Pay once and get a full year of unlimited training in any format, any time!

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* For audio recordings you only pay shipping

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

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Product ID: 401782
Published 2019
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