Contract Law: Caution & Contention

This course helps in understanding the concept of contract, it's purpose, drafting and rights arising out of the same.

Contract Law: Caution & Contention

Course Description

This LawSkills course helps you grasp the fundamentals of contract law and hone your contract drafting skills. It provides relevant practical assignments using case studies for the students to understand the rights and liabilities emerging from day-to-day and complex contractual dealings. The course helps you take informed decisions about the broad range of issues relating to drafting, formulating and enforcing a contract.

Course Outcomes:
  • Identify what a contract is, its purpose and significance
  • Learn how to form a contract keeping in mind its essentials
  • Recognize the different types of contract including special contracts
  • Assess the contractual breaches and available remedies
  • Draft a contract with important clauses
Course Details:

Target Audience


  • Lawyers

  • Law Students

  • HR Managers

  • Presales Professional

  • Professional Managing Vendors

  • Senior Management of Organization

  • Professional in any fields

  • Other interested stakeholders

Access Timeframe

6 Months

Prerequisites

There are no prerequisites for this course.
Certificate Info:

Type of Certification

Certificate of Achievement

Format of Certification

Digital

Professional Association/Affiliation

LawSkills & Manupatra

Method of Obtaining Certification

Learners must attempt the exam at the end of the course and secure at least 50% marks to obtain the course certificate. Upon meeting these requirements, the certificate will be printable on demand.

Course Outline

  • Meaning and introduction of contract
  • Essentials for valid contract
  • Offers and its types
  • Invitation to offer
  • Lapse and revocation offer
  • Competency to contract
  • MOU and its ingredients
  • Arbitration agreement
  • Collaboration agreement
  • Various essential clauses like IPR Clause, language clause, force majure clause etc.
  • Essentials of contract drafting
  • Tips on drafting
  • Negotiation
  • Translating a business deal into contract
  • Stamping
  • Amendments
  • Registration and requirements for registration
  • Various modes of discharge of contract
  • Rules regarding reciprocal promises
  • Types of damages
  • Recession of contract
  • Part performance, specific performance of contract
  • Dispute resolution methods for breach of contract
  • Procedure for filing suit for breach of contract
  • Mitigation of damages
  • Cancellation clause
  • Process of cancelling contract
  • Indemnity, guarantee, bailments, pledge agreements
  • Drafting of the above mentioned
  • Contracts under the sales of goods act
  • Practical guidelines while drafting
  • FAQ's
  • Common legal terminology
  • Common Latin terms used in contractual transactions
  • Formats of various types of agreements

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