Contracts Law

 

Photo by Cytonn Photography on Pexels.com
 GROUP COURSES (Max. 6 – min 2)

ONLINE Via SKYPE

In Brief

The success of an internal domestic market depends on the validity of contracts supporting commercial relationships. Understanding how contracts are formed and operate are key to the success of every business. Professionals advising businesses are asked to negotiate, prepare and advice on different types of contracts.

In the law of contracts, the Latin principle pacta sunt servanda is the starting point. This phrase means that agreements must be kept. Parties must perform their obligations and promises when they have binding contracts.

Under English common law, parties are generally allowed the freedom to enter any agreement they like. However, this freedom is not without restriction. Agreements must not be unlawful or is against public policy.

Valid contracts start with the essential elements, namely, the intention to enter into a contractual agreement, offer, acceptance and consideration. The question of how to protect a party once a valid and enforceable contract is breached is fundamental.

Professionals will need to assist their clients in deciding which remedies are best to protect the interests of their clients.

Domestic contracts are regulated by domestic courts. However, globalization has now added new dimensions to the domestic contract. Clients will need to know which courts have jurisdiction to hear and resolve their disputes even if their contracts are restricted to domestic relationships.

What’s in this Module?

Essential elements of a contract >> how tocreate a legal relationship, an offer, acceptance, and      consideration.

Structure and parts of a contract >> identify the types of clauses in contracts and their function

Third party rights, Term and Termination>> understand third party rights, assignment, novation, and termination

Breach of Contracts and Remedies >> become familiar with types ofbreaches and remedies and the duty to mitigate losses

Exercises

Case Study – Could the flu see you in Court?

  • Details and judgment
  • Why is the case important

Writing Corner – A letter to a client

> Presentation of a legal situation

Letter from a lawyer to a client