Description:

In almost every business transaction a contract is made. This course will tell you how to know when a true contract has been made, identify when it is binding, and determine the limitations and scope of the agreements. It will also give you information and guidelines on how and when to sever the contract, how to modify it, and how to circumvent potential problems.

Strategy 1: CREATE, CHANGE, TERMINATE a Contract.
Tip: Identify the basic elements of a contract.

• Know contract criteria.
• Recognize a binding offer and counter-offer.
• Determine if an acceptance is binding

Competencies

1. Create, change, and terminate a contract.
   • Identify the basic elements of a contract.
   • Check laws and spell out terms.
   • Learn to change and terminate a contract.
   • Understand what performance is.
   • Identify basic contract defenses.
2. Be aware of pitfalls.
   • Understand when he's bound by a contract.
   • Recognize when performance is excused.
3. Obtain positive results and avoid lawsuits.
4. Be fair and seek win-win solutions.
5. Understand her basic legal remedies.
6. Create contract review policies.