Instructor for this course
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This course is intended to be an introduction for people new to contracts, and a guide for more experienced users, to common types of liability clauses in contracts.  The course begins with a brief overview of what is involved in a contract, and where liability clauses come into play.  We then do a deep dive into some of the more important liability clauses, such as Warranty and Indemnification.  The course closes with special-case examples of clauses that may appear, and describes potential meanings and impacts.  Finally, a brief review of common errors in contract drafting is presented.

Learning Objectives

  • Recognize the implications/interactions of liability and related contract clauses.
  • Bolster your role in determining value managing risk for these non-deliverable-related clauses.
  • Be an informed consumer of legal counsel, so that you are more adept in guiding their advice to correspond to your business needs.
  • Be prepared to negotiate terms relative to your business needs, with increased competence in understanding the risk and value of particular items.
Last updated/reviewed: April 28, 2018

9 Reviews (28 ratings)Reviews

Member's Profile
definitely intermediate level. if you don't have a strong background, there will be a lot of new material here. poor recording of the speaker with a lot of static--painful to listen to. this could have been easily corrected with an audio program. poor slides. One slide per segment when there could have been 2 or 3 more for greater clarity and detail.
4
An extremely thorough review of Contracts and issues relating to contracts based on a CFO's perspective vs an Attorney's. I like the fact that an actual contract of a well known company is used as the basis for most of the examples.
3
Anonymous Author
Coverage of key contract terms, such as warranty, indemnification, etc., with suggestions. Usually spoken in terms of contracts with customers, rather than commercial contracts with suppliers.
4
Anonymous Author
Great summary of many contract clauses that I have routinely seen in contracts that I reviewed from a financial perspective. Always great to learn what these are saying (for non-lawyers).
3
Anonymous Author
The course reflected the inherent risks of not carefully reviewing and understanding the various terms of the contract. I particularly like the glossary and indemnification cheat sheet.
4
Member's Profile
Some of the terms were not new to me but the applied examples shed a light on the intent of using such terms in a clear pragmatic manner
3
Anonymous Author
Lots of material covered, thanks for the great real-life stories, they always help.
4
Anonymous Author
Very confusing and boring if you don't have a legal background.
3
Anonymous Author
Good overview.

Prerequisites

Course Complexity: Intermediate

Prerequisite: Exposure to legal principles and a basic familiarity with commercial or similar agreements.

Advanced Preparation: None

 

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 PARTS AND PIECES
  10:01Breach and Cure
  9:12Term and Termination
  10:24Warranty Disclaimer
  8:38Warranty: Carving Back In
  13:10Indemnification Part 1
  13:31Indemnification Part 2
  3:43Jurisdiction
Wrap Up
  13:29Summary
Continuous Play
  1:34:36Contracts: Understanding and Negotiating Liability Clauses
SUPPORTING MATERIALS
  PDFSlides: Understanding and Negotiating Liability Clauses
  PDFGlossary/Index: Understanding and Negotiating Liability Clauses
  PDFIndemnification Cheat Sheet
REVIEW & TEST
  quizREVIEW QUESTIONS
 examFINAL EXAM