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OnDemand Course

Risk Mitigation Provisions in Commercial Contracts

Gain a deeper understanding of utilizing effective contract provisions calculated to reduce the severity and unpredictability of claims, losses, and damages that may occur when working with third parties.

Partnering with third parties is a core component of virtually all organizations. Many companies simply cannot provide their product or service without these affiliations. Accordingly, organizations must balance risk and reward when defining the nature of the relationship. Businesses must determine to how effectively leverage the opportunities generated from working with outside entities while at the same time manage loss and protect assets. Contracts, in particular risk mitigation provisions, are a key measure companies can take to effectuate the dual goal of advancing business interests and diminishing liability exposure. This topic will help the persons responsible for partner management identify risk, understand risk allocation mechanisms and their interplay, and then implement corresponding mitigation activities within their organization. You will leave with a deeper understanding of utilizing effective contract provisions calculated to reduce the severity and unpredictability of claims, losses, and damages that may occur when working with third parties.

101 minutes
Course Exam
Certificate of Completion
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Why Lorman?

Over 35 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

Risk Due Diligence: Preliminary Risk Assessment

  • Types of Risks
  • Considerations and Concepts When Identifying Risks

Risk Mitigation Clauses: Types, Allocation, and Interplay

  • Indemnification
  • Limitations on Liability
  • Termination Rights
  • Warranties
  • Payment Terms
  • Force Majeure
  • Remedies

Risk Mitigation Activities: It Takes More Than Just the Contract

  • Monitoring Compliance and the Relationship
  • Systems and Programming
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Why Lorman?

Over 35 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 January 29, 2020.

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.
     
  • MT CLE 1.5
     
  • This program has been approved by the Montana Commission of Continuing Legal Education for a total of 1.5 CLE credits.
     
  • WA CLE 1.75
     
  • This program has been approved by the Washington State Board of Continuing Legal Education for 1.75 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 35 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

Kristi Morgan Aronica

Kristi Morgan Aronica

Weitz Morgan PLLC

  • Partner in the office of Weitz Morgan PLLC
  • Practice focuses on government contracts and commercial contracts litigation
  • Write regularly on matters of liability in both commercial and government contracts
  • Licensed by the State Bar of Texas
  • J.D. degree, The University of Miami
  • Can be contacted at [email protected] or 512-370-5211
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Why Lorman?

Over 35 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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  • OnDemand Courses
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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: 406844
Published 2020
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