Contracts in Commercial Transactions

Contracts in Commercial Transactions

Contracts permeate business, whether it is a sale to a customer, the hiring of a new employee, the acquisition of a new company, or countless other formal and informal business practices.

This course introduces the laws, which determine whether such agreements are legally binding and enforceable by the courts.

To begin, this course explains the legal requirements for contracts and their different legal classifications.

In order to make effective business decisions, managers must clearly understand when they are forming an enforceable contract and when they are not.

This course presents strategies for making an offer, successfully negotiating, and designing contracts that protect the rights of the organization, customer, and other interested parties.

Finally, this course explains the legal implications of breach of contract and presents strategies that proactively protect an organization's interests when entering into contractual agreements.