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Live Webinar

90-minute live streaming program
  • November 16
  • 1:00 - 2:30 pm EST

Also available as:

OnDemand Course

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

November 16

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.

Learning Objectives

  • You will be able to identify the clauses that create the most risk for your company or public entity.
  • You will be able to discuss the key features of an indemnity clause.
  • You will be able to recognize key phrases in contract clauses which can become a time bomb.
  • You will be able to identify 90% of the risk clauses in your contract in less than one hour, rather than the several hours it would take to read the entire contract.

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Why Lorman?

Over 34 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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More Program Information

Why Lorman?

Over 34 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 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.

Live Webinar Registration

  • AL CLE 1.5
     
  • This course or a portion thereof has been approved by the Alabama State Mandatory Continuing Legal Education Commission for a maximum of 1.5 hours credit.
     
  • AR CLE 1.5
     
  • This course has been approved for 1.5 hours of CLE by the Arkansas CLE Board.
     
  • Arizona CLE 1.5
     
  • The State Bar of Arizona does not approve or accredit CLE activities for the Mandatory Continuing Legal Education requirement. This activity may qualify for up to 1.5 hours toward your annual CLE requirement for the State Bar of Arizona.
     
  • 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.
     
  • CT CLE 1.5
     
  • 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: 1.5 CLE credit(s).
     
  • HI CLE 1.5
     
  • This program was approved by the Hawaii State Board of Continuing Legal Education for 1.5 CLE credit hours.
     
  • IL CLE 1.5
     
  • This course was approved for a total of 1.5 hours of MCLE Credit by the Illinois MCLE Board.
     
  • NH MCLE 1.5
     
  • NH MCLE does not approve or accredit CLE activities for the NH Minimum CLE requirement. Lorman Education Services believes this course meets the requirement of NH Supreme Court Rule 53 and may qualify for CLE credit(s). Program Length: 90 Minutes.
     
  • NJ CLE 1.8
     
  • This program has been approved by the Board on Continuing Legal Education of the Supreme Court of New Jersey for 1.8 hours of total CLE credit.
     
  • PA CLE 1.5
     
  • This Distance Learning program has been approved by the Pennsylvania Continuing Legal Education Board for 1.5 hours of substantive law, practice and procedure CLE credit.
     
  • RI CLE 1.5
     
  • This program has been approved by the Rhode Island Mandatory Continuing Legal Education Commission for 1.5 hours of CLE credit.
     
  • VT CLE 1.5
     
  • This program has been approved by the Mandatory Continuing Legal Education Board of Vermont for 1.5 hours of CLE credit.
     
  • WA CLE 1.5
     
  • This program has been approved by the Washington State Board of Continuing Legal Education for 1.5 hours of Law & Legal Procedure credit.
     
  • WI CLE 1.5
     
  • This program has been approved by the Board of Bar Examiners for 1.5 hours for use toward the Wisconsin Mandatory CLE requirement.
     
  • WV MCLE 1.8
     
  • This program has been approved by the West Virginia State Bar MCLE Commission for 1.8 MCLE hours.
     
  • CPE 1.8 including Business Law 1.8
     
  • Lorman Education Services is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its web site: www.nasbaregistry.org. For more information regarding administrative policies such as complaint and refund, please contact our offices at 866-352-9539. CPE Credit: Maximum Credit Hours: 1.8 each session (based on a 50 minute credit hour). You must attend at least 50 minutes to obtain credit. Field of Study: Business Law for 1.8 hours. Prerequisite: basic knowledge of business financials. Level of Knowledge: Intermediate. Teaching Method: Seminar/Lecture. Advance Preparation: None. Delivery Method: Group Internet Based. Please refer to the information in this brochure for outline, course content and objectives. Upon completion of this course, you will receive a certificate of attendance. Final approval of a course for CPE credit belongs with each state's regulatory board. Please note: In order to receive CPE credit for this course you MUST use the streaming audio option, as well as enable and complete the required progress checks.
     

Who should attend?

This live webinar is designed for business owners and managers, presidents, vice presidents, directors, office managers, accountants, and attorneys.

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More Program Information

Why Lorman?

Over 34 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, state, and local, and Federal government contracts
  • Has given several hundred seminars on construction law across the country
  • Has a 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 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, 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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More Program Information

Why Lorman?

Over 34 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.

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


  • OnDemand Courses
  • Live Webinars
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  • 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 2019, 2021
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