Available in:

OnDemand Course

Commercial Contracts: Drafting and Termination Overview

Learn how to draft and terminate a commercial contract.

Many parties are not aware of critical contract provisions that can substantially affect their rights during a project and upon termination. This topic will discuss contract drafting fundamentals, including termination provisions. The topic will also give some insight on what contract language should be included to protect respective parties' rights and interests. The content will include critical information related to parties' rights related to payment and defective work.

94 minutes
Certificate of Completion
Purchase Options

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.

Agenda

Owner Perspective

  • Payment Procedure
  • Architect's Role
  • Defective Workmanship
  • Termination Provisions in Favor of Owner: 1) for Cause; and; 2) for Convenience
  • Owner Protections: Payment/Performance Bonds, Lien Waivers, Discharge of Mechanic's Liens

Contractor Perspective

  • Allocating Risk of Payment
  • Shifting Risk Down to Lower Tiers
  • Termination Provisions in Favor of Contractor

Subcontractor Perspective

  • Change Order Approval
  • Delays
  • Notice of Defects and Opportunity to Cure
Purchase Options

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

Applications have not yet been submitted for Delaware, Idaho, Kentucky, Maine, 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 December 11, 2019.

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.
     
  • NM CLE 1.5
     
  • This program has been approved by the New Mexico Minimum Continuing Legal Education Board for 1.5 hours of 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.

Virginia MCLE requirements do not allow approval for programs that do not include an audio or audiovisual component.

This program was previously offered as a live webinar. Virginia MCLE requirements do not allow approval for attendance at duplicate programs.

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

Purchase Options

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

Danielle Cohen

Danielle Cohen

Tesser & Cohen

  • Associate at Tesser & Cohen
  • Focuses her practice on construction litigation and has represented a diverse range of construction clients, including owners, general contractors, subcontractors and material suppliers
  • Involved in both prosecuting and defending claims on private and public projects in New Jersey and New York, including delay claims, construction lien and mechanic’s lien foreclosure actions, defective work claims, bond claims, prompt payment act claims and trust fund issues
  • Co-vice chair, New Jersey State Bar Association, Construction Law Section
  • Can be contacted at 201-343-1100, [email protected], or https://www.tessercohen.com/danielle-cohen.html
Matthew Lakind

Matthew Lakind

Tesser & Cohen

  • Associate at Tesser & Cohen
  • Practice focuses on construction litigation and representation includes project owners, general contractors, subcontractors, and suppliers
  • Involved in various types of claims and defenses associated with construction litigation, including construction lien foreclosures, payment and performance bond claims, home improvement contract disputes, equitable adjustment claims, cardinal change disputes, delay claims, and disputes regarding workmanship
  • Co-secretary, New Jersey State Bar Association, Construction Law Section
  • Can be contacted at 201-343-1100, [email protected], or https://www.tessercohen.com/matthew-lakind.html
Purchase Options

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
  • 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.

Sign Up Today
With This Course

Access to all training products for one year
$699/year

Unlimited Lorman Training

With the All-Access Pass there is no guessing what you will need for your yearly training budget. $699 will cover all of your training needs for an entire year!

Easy Registrations

Once you purchase your All-Access Pass you will never be any further than one-click away from attending any Lorman training course.

Invest in Yourself

You haven't gotten to where you are professionally by luck alone; it's taken a lot of hard work and training. Invest in yourself with the All-Access Pass.

Product ID: 405888
Published 2019
Purchase Options

Available in Multiple Formats

Purchase this course and learn on your schedule!