Description
Know how to read contract clauses and fully recognize the risks being taken on.
Almost every contract dispute ends up being controlled by the contract terms and conditions. Too often, businesspeople sign the contract without fully understanding the agreement they have become bound to. For many, contracts read as if they were a foreign language. Learn how to translate the often convoluted terms of a contract and, if there is a problem hidden within a clause, how to deal with that problematic clause.
Often, businesses enter into contracts without knowing how to read the clauses and fully recognize the risks they have taken on. The benefit of this information is that you will be able to quickly recognize risky clauses, better understand the risks those clauses create, and how to reduce or eliminate those risks before you sign the contract. You will also learn which phrases aggravate that risk and how you can minimize the risk when you have already signed a bad contract.
Date: 2023-08-07 Start Time: 1:00 PM ET End Time: 2:05 PM ET
Learning Objectives
* You will be able to identify the clauses that create the most risk for your company or public entity.
* You will be able to recognize key phrases in contract clauses which can become a time bomb.
* You will be able to identify 90 of the risk clauses in your contract in less than one hour, rather than the several hours it would take to read the entire contract.
* You will be able to discuss the key features of an indemnity clause.