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This course provides general guidance on dealing with the types of issues a finance professional will experience in reading and understanding basic legal contracts.  The presentation covers contract formation, common real world problems, contract risk language, and the important issues of warranties, indemnification, and limitation of liability. 

Learning Objectives

  • Discuss how contracts are formed and modified
  • Recognize the warranties that are implied in every contract for the sale of goods and how to disclaim them.
  • Explore the real world pitfalls of many contracts and how they can be prevented
Last updated/reviewed: May 24, 2018

53 Reviews (133 ratings)Reviews

4
Anonymous Author
This was a basic course and it had good information about the parts of a contract. It was just enough to give you awareness, but I wouldn't recommend entering into a contract if it has any complexity to it unless you become more versed in the details of creating a contract.
5
Member's Profile
This was a great introduction to understanding contracts. Anyone looking for a high level understanding to the key concepts associated with contracts will benefit from this course. I felt that the subject matter and time to complete the course were appropriate.
5
Very well done. Mr. Hawn covered the gamut of items that a financial executive needs to understand and review when reading a contract. The slides were clear, concise and his explanations were equally as clear and in "plain English".
5
Member's Profile
This was a good overview of contract law for non-lawyers. This is a minor technical issue, but the end of the segments was a bit abrupt. There were a couple of times I thought that the section had been interrupted.
5
Anonymous Author
This course is a comprehensive basic level coverage of the key elements and risks related to contracts. It is well presented and focuses on areas of which those who are new to contracting should be cognizant.
3
Anonymous Author
Although the content was good I thought that the course did not flow smoothly, the instructor hesitated, stopped his though process quite a bit which caused me to lose focus.
4
Anonymous Author
Great introduction to contracts. I like the number of examples which were provided in the class. Very easy to follow the topics in the course.
5
Member's Profile
This was a great course to refresh my memory on the classes taking in college as well as bringing the impact of technology into that discussion
4
Member's Profile
I felt this was a great overview of the basics of contracts. Examples presented were very helpful in understanding the points presented.
4
Anonymous Author
Valuable information. There were a couple of segments where speaker cut off at end. Would have liked a little more detail in slides.
3
Member's Profile
The instructor was good but somewhat monotone. He needs a more lively tone to help maintain interest. Content was good and useful.
5
Member's Profile
Robert is able to demystify the subject of contracts. This is a good course with practical tips from an expert in the industry.
4
Member's Profile
Good content. Unfortunately, some of the verbal descriptions were cut off when moving to the next section of slides..
5
Member's Profile
Great content and presented perfectly. He breaks down confusing concepts and gives real life meaning to them.
5
Anonymous Author
Sound advice and good real world examples that went beyond just explaining the theory/codification of the law.
4
Anonymous Author
fine for basic, but what I really need is what can I negotiate and give in and what should I never give away
Member's Profile
Covers lots of topics in a short time. It's a high level review of contract terms and responsibilities.
5
Member's Profile
I learned, and will be able to apply the knowledge acquired to my contract audits. Thanks
5
Member's Profile
Excellent overview on what contracts are and key considerations when entering into one.
4
Anonymous Author
A good accent on parts of a contract that i have never think of as important :-) thanx
5
Member's Profile
Good refresher for those entering into contacts, could work as a checklist
5
Anonymous Author
touched on the important aspects of business law; well presented
4
Member's Profile
Decent review, but some of the sections cut off mid sentence.
5
Member's Profile
Just dandy. A good overview, well-presented, and interesting.
3
Member's Profile
The module changes or modifications did not load properly.
4
Anonymous Author
Low voice of the speaker made it a little hard to hear.
4
Anonymous Author
Basic course on contracts; good refresher course.
5
Member's Profile
A great refresher of basic contract terms.
4
Anonymous Author
Good contract overview, great refresher.
5
Member's Profile
Very informative and organized delivery.
4
Member's Profile
Good course at the intermediate level.
4
Member's Profile
Pay close attention and take notes.
4
Anonymous Author
Discussion on risks was insightful
4
Member's Profile
A nice introduction to contracts.
3
Anonymous Author
Good for an entry level review.
5
Member's Profile
Great course! Very informative.
5
Anonymous Author
Overall discussion of contracts
5
Anonymous Author
Good overview of key issues.
5
Member's Profile
Good, basic information.
5
Anonymous Author
Lots of good information!
2
Anonymous Author
all fluff, no substance
5
Anonymous Author
very informative course
4
Anonymous Author
Nice beginner overview.
4
Member's Profile
Good general overview
5
Member's Profile
Helpful information.
5
Member's Profile
law in plain English
5
Member's Profile
Very informative.
5
Member's Profile
Useful review
5
Member's Profile
great course
5
Anonymous Author
great course
4
Member's Profile
Good Course
4
Member's Profile
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5
Anonymous Author
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Prerequisites

Course Complexity: Foundational

No advanced preparation or prerequisites are required for this course.

Education Provider Information

Company:
Illumeo, Inc., 75 East Santa Clara St., Suite 1215, San Jose, CA 95113
Contact:
For more information regarding this course, including complaint and cancellation policies, please contact our offices at (408) 400- 3993 or send an e-mail to .
Course Syllabus
Introduction and Overview
The Basics
  10:40Why Do I Need a Contract and What Issues May Arise?
  3:33Changes or Modifications to the Contract
  7:37Recitals, Subject, and Obligations
  7:33Getting, Giving, and Royalties
The Risks
  11:28Risk Allocation and Indemnification
The End
  13:16Limitation of Liability, Confidentiality, Termination, and Boilerplate.
SUPPORTING MATERIALS
  PDFSlides: Introduction to Contracts
  PDFIntro to Contracts Glossary/Index
REVIEW & TEST
  quizREVIEW QUESTIONS
 examFINAL EXAM