TRAINING OF LAW OF CONTRACT

Training of Law of contract

Training of Law of contract

Introduction

Everyone knows the dangers of the “small print”, but for a business understanding the precise legal ramifications of a contract can mean the difference between success and failure. A contract will set a deal in concrete, so it's absolutely crucial that the terms and conditions on the paper include everything you agreed over the negotiation table. And it's not just a matter of having a meticulous eye for detail - you need to clearly understand all the terminology in a legal context, because a contract can often hinge on a single word. (Fairfield, 2009, p1401-1458)

Contract law training offers courses to teach you exactly what to look for in a contract, so you can make an informed decision taking all the potential risks and benefits into account. In some cases you might want to avoid a legally binding contract altogether. You will also learn what you can and cannot do when it comes to writing a contract, if you are creating the terms themselves as well as signing them.

The understanding you gain from the course will reduce the chances of a contract disputes occurring, but it's impossible to account for other parties involved. Since disagreements can and do arise, contract law training will teach you what action should be taken and whether a claim can be made in the event of a breech of terms.

Training can take place at open workshops or can be arranged in house. Open (public) training can be arranged at short notice, and is usually attended by individuals or small groups. In house seminars, on the other hand, take place on your own premises and offer training that is tailored to the specific needs of your business or team. (Fairfield, 2009, p1401-1458)

If you want to make sure you're getting (or offering) a fair deal, Approved Index can find a training course to give you a thorough working knowledge of contract law. Just fill in our simple enquiry form to receive free, no obligation quotes from up to 4 leading contract law training companies.

The training

Nature of the contract

The primary justifications for the enforcement of a contractual promise against a promisor are economic (the economic necessity of compelling the observance of bargains) and moral (the moral justification that the promise was freely given).

In the nineteenth century, these two ideas led the common law to the extreme view that there should be almost complete freedom and sanctity of contract; but freedom of contract assumes equality of bargaining power, and subsequently both common law and statute have tended to lean against freedom of contract where such equality is absent. (Fairfield, 2009, p1401-1458)

To a somewhat lesser extent, the law has interfered with or excused a party from literal performance of his promise. Nevertheless it remains generally true that the law of contract does not lay down rights and duties, but rather imposes a number of restrictions subject to which the parties may create by their contract such rights ...