Introduction to Liability Clauses in Contracts
This course is intended to be an introduction for people new to contracts, and a guide for more experienced users.
Description
This course is intended to be an introduction for people new to contracts, and a guide for more experienced users, to common types of liability clauses in contracts. The course begins with a brief overview of what is involved in a contract, and where liability clauses come into play. We then do a deep dive into some of the more important liability clauses, such as Warranty and Indemnification. The course closes with special-case examples of clauses that may appear, and describes potential meanings and impacts. Finally, a brief review of common errors in contract drafting is presented.
What You Will Learn!
- Recognize the implications/interactions of liability and related contract clauses.
- Bolster your role in determining value managing risk for these non-deliverable-related clauses.
- Be an informed consumer of legal counsel, so that you are more adept in guiding their advice to correspond to your business needs.
- Be prepared to negotiate terms relative to your business needs, with increased competence in understanding the risk and value of particular items.
Who Should Attend!
- Anyone interested in Accounting, Finance, Business Law, or related fields.