LawSkills

Contract Drafting and Enforcement

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 information 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.

Advanced

Level

English

Language

6 Months

Duration

Total Price

2000^*

*GST Excluded

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WHO SHOULD TAKE THIS COURSE

Bankers;
Banking Lawyers;
Enforcing agencies;
Managers across sectors;
Officers involved in conducting investigations;
Officers from disciplinary cells and vigilance departments;
Lawyers;
Students/Law students; or
Anyone, who is interested in this field.

EVALUATION METHOD

Learners must score a minimum of 60% in the Certification Exam at the end of the course to obtain the certificate. They will have 5 attempts to clear the exam.

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

About the Author

Poli Kataki did her LLB from the Delhi University and Masters in Business law from NLSIU, Bangalore. She is Advocate on Record. Poli has wide ranging experience in the matters related to commercial laws, company law.

She has attended various Summits such as, North-East investment Summit held in Bangkok in the month of October 2007 and the Conference for the Development of Business and Trade relations between the North-East and Australia held in Sydney in the month of April, 2008 , organised by of the Ministry for the Development of the North Eastern Region (DONEAR), India and Ministry of Trade and Commerce, Thailand in the capacity of legal Adviser of Assam Real Estate and Infrastructure Developers Association (AREIDA) the apex body of professional builders of Assam.