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How to Read a Business Contract

How to Read a Business Contract

45mGeneral2024-07-22

Authors

CRFT Productions

CRFT Productions

Full-Service Learning Content Company

Nkem Ekwukoma

Nkem Ekwukoma

Course details

Perfect for anyone who handles contracts in their business or entrepreneurial endeavors, this course empowers you with the knowledge to review, negotiate, and manage contracts effectively. In this course, experienced business lawyer Nkem Ekwukoma simplifies the daunting task of contract review and interpretation and teaches you to navigate the complexities of business contracts with confidence by understanding both the essential elements and the legal jargon.

Explore the crucial parts of a contract, including obligations, financial terms, protections, boilerplate clauses, dispute resolutions, and exit strategies. Learn how to identify what you need from a contract and balance it with what the other party wants, ensuring you protect your business interests, financial gains, and reputation. Plus, build up the skills you need to save money, time, and stress by becoming proficient in reading and understanding the legal documents crucial to your business success.

Skills covered

Ethics and LawLimited SeriesBusiness Analysis and Strategy

Concepts

0. Introduction

  • 01 - Understanding a business contract
  • 02 - Legal disclaimer - Reading a business contract

1. Where to Start

  • 03 - What not to do when you get a contract
  • 04 - Consider why you received this contract
  • 05 - Business contracts at a glance

2. The Importance of Knowing What You Want

  • 06 - Knowing what you want from a contract
  • 07 - Choosing your essential, desirable, and acceptable terms
  • 08 - Considering what the other party wants in the contract

3. The Importance of Knowing What You Don't Want

  • 09 - What could negatively affect your ability to do business
  • 10 - What could negatively affect your financial gain
  • 11 - What could negatively affect your reputation

4. Navigating a Contract

  • 12 - Finding the obligations within a contract
  • 13 - Finding the financials within a contract
  • 14 - Finding the protections within a contract
  • 15 - Finding the boilerplate within a contract
  • 16 - Finding the disputes clause within a contract
  • 17 - Finding the exit clause within a contract

Conclusion

  • 18 - Considering your options with business contracts

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