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Contract Law: Caution and Contentions

 

Contracts are one of the most important tools for smooth functioning of business operations. Every commercial or non-commercial entity enters into contracts and agreements to ensure certainty of service, predictability of courses of action, and enforceability of the agreed terms. While the enforceability of contract comes into play after it has been accepted by each party, the most crucial and tricky aspect of a contact is its drafting. Contract drafting involves application of business knowledge, contract laws and writing skills. An incorrectly drafted contract can have unforeseeable repercussions causing huge financial losses to the parties involved. Thus, not everybody is able to draft effective contracts.

This 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 OUTCOME

 
 

After completing this course, you will be able to:

  • 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 OUTLINE

 
 
  • Module 1 – Introduction to Law of Contracts
  • Module 2 – Essential Requirements of a Contract
  • Module 3 – Legal Object, Lawful Consideration and Free Consent
  • Module 4 – Types of Contract
  • Module 5 – General Contracts – Components and Drafting Guidelines
  • Module 6 – Essential Clauses of a Contract
  • Module 7 – Elements of Contract Drafting & Negotiating a Contract
  • Module 8 – Drafting the First Draft, Stamping & Registration
  • Module 9 – Discharge of a Contract
  • Module 10 – Breach of Contract – Remedies & Dispute Resolution Methods
  • Module 11 – Mitigation of Damages and Cancellation of Contracts
  • Module 12 – Drafting Guidelines for Various Types of Contracts
  • Module 13 – Contract Law - In a Nutshell
  • Module 14 – Appendix
  • Certification Exam/ Assessment

CERTIFICATION

 

Honors Badge

WHO SHOULD TAKE THIS COURSE

  • Lawyers
  • Law Students
  • HR Managers
  • Presales Professionals
  • Professionals managing vendors
  • Senior Management of organizations
  • Professionals in any fields
  • Other interested stakeholders

Level: Beginner and Intermediate

Language: English

Duration: 6 Months

EVALUATION METHOD

Learners must submit all assignments and secure at least 50% marks in Certification Exam at the end of the course to obtain the course certificate.

About the Author

Dr. Garima Tiwari is Assistant Professor at Bennett University, Greater Noida, Uttar Pradesh. She graduated from National Law Institute University, Bhopal and pursued her LLM in International Crime and Justice from University of Torino in collaboration with United Nations Interregional Crime and Justice Research Institute, Italy. She has a PhD in Fundamental Rights in Global Society from School of Law, University of Camerino, Italy. She has worked as a Law Associate (Faculty Dept.) at the National Judicial Academy, Bhopal and as a Senior Researcher with Lexidale-International Policy Consulting, Cambridge Massachusetts.
In 2012, she was awarded the JusticeMakers Fellowship from International Bridges to Justice, Switzerland on criminal justice reform and developed projects on spreading awareness on torture, legal aid and HIV/AIDS in prisons through engagement with different stakeholder.

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