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General Contracts for Beginners Series
Learn the basics of how contracts workPreview the first lesson free — get full access to all 19 lessons.
Beginner Provider : Michele Hagan 19 Lessons · 36m in Arabic, German, English, Spanish, French, Portuguese, Chinese
Course Description
If you find yourself making transactions in business or your personal life, chances are that you'll need to use contracts. Whether it's for hiring a new employee, ordering services and/or products, or maybe you're trying to protect proprietary material, you'll need a contract. Since contracts serve such crucial roles in protecting your business, it's very important to know the fundamentals of contracts, like what they say, what kinds there are, who can sign them, etc. You'll be learning about all of these topics in this course, written by instructor Michele Hagan.
You'll be introduced to the basics of contracts, including what constitutes a contract and who is most likely to use one, as well as what types of situations will warrant writing a contract. The course will then teach you about a contract's basic elements, who can contract (along with who can sign), and what makes a contract legal. You'll also learn about the different types of contracts, including common contracts and the two different variations of confidentiality contracts. Finally, you'll become familiar with common contract terms and the best practices you should use for when you deal with contracts.
What You'll Learn
- Identify what makes something a contract and who is most likely to use one
- Recognize the situations and transactions that require a written contract
- Explain a contract's basic elements, including who can create and sign one and what makes it legal
- Distinguish the different types of contracts, including common contracts and confidentiality and non-disclosure agreements
- Define common contract terms, including changes, cancellation, penalty, and breach and recourse
- Apply contract best practices such as ensuring clarity and reviewing contracts
Key Takeaways
- Contracts are used in both business and personal transactions, such as hiring an employee, ordering services or products, or protecting proprietary material.
- Knowing the fundamentals of contracts is important because contracts play a crucial role in protecting your business.
- A contract has basic elements, and its legality depends on factors such as who can contract, consideration, and who signs.
- Confidentiality contracts come in two different variations, including non-disclosure agreements.
- Clarity matters and reviewing contracts are among the best practices to use when dealing with contracts.
Frequently Asked Questions
Who is this course for?
It is for beginners who make transactions in business or their personal life and need to use contracts, such as for hiring an employee, ordering services or products, or protecting proprietary material.
What topics does this course cover?
It covers what constitutes a contract and who uses one, when a written contract is required, basic contract elements and legality, who can contract and who signs, common contracts, confidentiality and non-disclosure agreements, common contract terms, and contract best practices.
What skills will I gain from this course?
The course develops skills in contract analysis, contract negotiation, contract law, contract management, contract preparation, and employment contracts.
Who wrote this course?
This course was written by instructor Michele Hagan.
Does the course include any way to check my understanding?
Yes, the course includes multiple Test Your Knowledge lessons throughout its sections.
